All Insights
Regulatory Compliance 6 min read 15 November 2024
MAS Insurance Regulatory Developments: What Singapore Insurers Need to Act On
The Monetary Authority of Singapore has intensified its supervisory focus on insurance company governance, risk culture and senior management accountability. Recent thematic reviews have highlighted gaps in board oversight of risk appetite, weaknesses in outsourcing due diligence and inconsistencies in policyholder disclosure. We examine the key findings, the regulatory expectations boards are being held to, and how insurers can close the most common gaps before the next supervisory cycle.
What this briefing covers
- Recent MAS thematic review findings and what they signal about supervisory priorities
- Board and senior management accountability expectations under the current framework
- Common gaps in outsourcing due diligence and vendor risk oversight
- Policyholder disclosure consistency and conduct expectations
- Practical steps to close gaps ahead of the next supervisory cycle
Full briefing
The written briefing on this topic is being prepared. In the meantime our consultants can talk through how it applies to your organisation directly.
More in Regulatory Compliance
Briefing details
- Category
- Regulatory Compliance
- Reading time
- 6 min read
- Published
- 15 November 2024