The insurance-linked securities (ILS) grant scheme in Singapore has been a significant help in the country attracting catastrophe bonds and other ILS activity and it has now been extended by a further three years, to run until the end of 2025.
Singapore began its focus on insurance-linked securities (ILS) as a business opportunity around 2016, becoming a regular keynote speaker at our series of ILS Asia conferences (the next conference upcoming in July 2023) and engaging withe ILS market participants globally.
By late 2017, plans for an ILS Grant Scheme to help fund some of the upfront costs incurred in issuing catastrophe bonds in the country were formulated and an ILS working group established to set a strategic direction.
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