Regulatory Alerts2020-02-28
Added · Updated
Notice 133 Valuation and Capital Framework for Insurers
MAS Notice 133 establishes mandatory requirements and guidelines for the supervisory solvency intervention levels, valuation of assets and liabilities, total risk requirement, and financial resources for licensed insurers. The framework applies to all licensed insurers, with specific provisions for captive insurers, marine mutual insurers, and special purpose reinsurance vehicles. Insurers must maintain a Capital Adequacy Ratio not lower than $5 million and meet fund solvency requirements at adjusted fund levels. The notice takes effect on 31 March 2020, with certain sections for specific entities effective from 1 January 2022.