Regulatory Alerts2024-01-10
Added
Guidelines on Risk Management Practices for Insurance Business - Core Activities
The Monetary Authority of Singapore issued these guidelines to establish sound practices for core insurance activities including product development, pricing, underwriting, claims handling, and reinsurance management. The document mandates that insurers embed specific principles into their risk management frameworks to ensure robust operational controls. These requirements apply to all insurers and supersede the previous version dated 1 March 2013.
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