2024-06-14
Added
The Monetary Authority of Singapore issued Circular No. ID 10/24 to update MAS Notice 133 regarding the valuation and capital framework for insurers. The revision reduces the illiquidity premium from 50 basis points to 35 basis points for qualifying life insurers, effective 30 June 2024. This adjustment reflects the regulator's regular review of illiquidity premium calibration and credit spread movements.