MAS says the framework could speed up risk transfer to capital markets.
The Monetary Authority of Singapore (MAS) will consult on introducing a new corporate structure for insurance, called a Protected Cell Company (PCC), to scale alternative risk-transfer solutions.
A PCC allows assets and liabilities to be ring-fenced within individual cells under a single core entity, allowing different risks to be structured separately whilst using shared infrastructure, according to Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong.
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