The government of Singapore continues to look to the capital markets to push the boundaries in developing its insurance and reinsurance market, with an ambition to further develop the ability of the sector to tap capital market appetite for risk.
In revealing a new growth strategy for the Singapore financial services industry, the Monetary Authority of Singapore (MAS) again highlighted the use of the capital markets as a source of insurance and reinsurance risk capital.
The strategy aims to position Singapore as a leading international financial centre in Asia, with a globally connected marketplace, supportive of broader Asia’s development, and to serve Singapore’s own economy.
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