Insurance-linked securities (ILS) deal flow in Singapore has been increasing, showing that the market is gaining in confidence in Singapore’s ILS regime, Minister of State for Trade and Industry and Monetary Authority of Singapore (MAS) Board Member Alvin Tan has said, also explaining that expansions to the ILS regulations are coming.
Speaking at the Singapore International Reinsurance Conference (SIRC) earlier this week, Alvin Tan explained that the government of Singapore remains focused on increasing the amount of reinsurance business undertaken there.
Part of this is expected to be delivered through growth of Singapore’s insurance-linked securities (ILS) market activity, on which Tan explained the country will continue to build-out the regulatory environment necessary to support an growing range of ILS structures and transactions.
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