MAS unveils inaugural list of domestic systemically important insurers in Singapore

The Monetary Authority of Singapore (MAS) today (21 September) published its framework for designating domestic systemically important insurers (D-SIIs), and the inaugural list of four D-SIIs. These are AIA Singapore Private Limited, Income Insurance Limited, Prudential Assurance Company Singapore (Pte) Limited and The Great Eastern Life Assurance Company Limited. The D-SII framework will come into effect on 1 January 2024. It formalises and updates an existing framework, and will facilitate the annual impact assessment of insurers based on their size, interconnectedness, substitutabi...