Regulatory Alerts2025-07-24
Added
Issuance of Consultation Paper and Quantitative Impact Study on Proposed General Insurance Catastrophe Risk Requirement
The Monetary Authority of Singapore has issued a consultation paper and quantitative impact study regarding the proposed General Insurance Catastrophe Risk Requirement to be incorporated into the RBC 2 framework. Insurers with general business, excluding captives and specific mutuals, are required to complete the quantitative impact study and are encouraged to provide feedback on standardized flood scenarios calibrated to a 1-in-200 year event. Submissions for both the consultation feedback and the quantitative impact study workbook must be completed via MAS-TX by the deadline of 5 September 2025.