MAS proposes easing insurers’ capital requirements; sets aside S$30 million for insurance infrastructure
The moves come as Singapore seeks to boost its growth capital ecosystem
The Monetary Authority of Singapore (MAS) plans to lower capital requirements for insurers investing in infrastructure and securitised assets, with S$30 million set aside under the Financial Sector Development Fund. This initiative aims to bolster Singapore's infrastructure financing ecosystem and attract private capital for Asia's infrastructure needs.
MAS will grant lower capital charges to qualifying infrastructure debt investments with specific credit quality and other criteria, as well as to qualified infrastructure equity and debt investments featuring risk-mitigating aspects. The regulator intends to grant more external credit assessment institutions with expertise in infrastructure and securitisation, while also creating standardized disclosure templates, clearer assessment guidance, and fund-manager declarations.
These measures aim to strengthen Singapore's position as an insurance and reinsurance hub, connecting insurers with asset managers, banks, project sponsors, advisers, and other investment expertise.
Written by urgent.news from The Business Times - Companies & Markets's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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