Insurers wary as Singapore revamps RBC rules

MAS proposals would force insurers to re-examine their business mix to accommodate higher capital charges

singapore-city-sunset

The Monetary Authority of Singapore (MAS) is often seen as a regulatory trend-setter in Asia so insurers are watching the current overhaul of its risk-based capital (RBC) regime with interest, looking for clues as to what other supervisors might do in future.

A consultation that closed at the end of June gives an insight into what is coming, even though MAS will make changes to its proposals before they are finalised at the end of 2014. Market participants say it is already clear insurers will

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