Regulatory Alerts2022-09-30
Added
Notice 126 Enterprise Risk Management for Insurers
The Monetary Authority of Singapore issued Notice 126 to establish enterprise risk management requirements and guidelines for all licensed insurers, excluding captive and marine mutual insurers. The notice mandates that insurers identify and manage interdependencies between key risks and translate these findings into strategic management actions and capital planning. It also outlines expectations for Own Risk and Solvency Assessment report submissions and details subsequent amendments effective from 2020 and 2023.
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