Regulatory Alerts2026-01-02
Added
MAS Notice 126 - Lapses in Own Risk and Solvency Assessment (ORSA) Report Submissions
The Monetary Authority of Singapore issued this notice to address lapses in ORSA report submissions by licensed insurers, specifically highlighting failures to conduct mandatory stress tests. The regulator clarifies that insurers must document analysis specific to their own operations rather than fully relying on group reports, and must perform risk-proportionate macroeconomic, counterparty, liquidity, and reverse stress tests. MAS emphasizes the need for proper systems and controls to ensure compliance, providing examples of common errors and expectations for remediation in the accompanying annexes.
Topics
Share