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MAS says the framework could speed up risk transfer to capital markets.<\/strong><\/p>\n 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.<\/p>\n 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.<\/p>\n \u201cThe result is greater flexibility, lower cost and more efficient risk transfer,\u201d Gan said during the Association of Banks in Singapore\u2019s Annual Dinner on 25 June.<\/p>\n The proposed structure can make captive insurance solutions<\/a> more accessible for corporates, and make it faster and cheaper for sponsors of insurance-linked securities to transfer risks to capital markets, he added.<\/p>\n Gan, who is also chairman of MAS, said the authority will share more details of the public consultation in the coming weeks.<\/p>\n The move comes as Asia remains significantly underinsured, with traditional insurance and reinsurance capacity continuing to be crucial.<\/p>\n \u201cThe financial centres that can bring together underwriting expertise, reinsurance capacity, alternative capital and flexible risk-transfer structures will be best positioned for growth,\u201d Gan said.<\/p>\n<\/p><\/div>\n 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…<\/p>\n","protected":false},"author":1,"featured_media":63877,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[2611],"tags":[],"class_list":["post-63876","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-buzz-headlines","wpcat-2611-id"],"_links":{"self":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts\/63876","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=63876"}],"version-history":[{"count":0,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts\/63876\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/media\/63877"}],"wp:attachment":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=63876"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=63876"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=63876"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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