Business Insurance, 1 Dec 2008, Michael Bradford
SINGAPORE—Singapore’s insurance market is well-capitalized and has withstood worldwide financial turmoil in good shape, the Monetary Authority of Singapore says in a recent report.
Capital adequacy ratios for general and life insurers are well above minimum regulatory requirements, the authority said in its recently released “Financial Stability Review.”
The insurance market was not, however, completely unaffected, the report states
Read More
