Singapore life insurers have healthy capital buffers to withstand shocks

Quick Summary:

Most key life insurers here have a capital adequacy ratio (CAR) of at least 150 per cent.

The updated framework sets out tougher capital requirements so that insurers remain solvent in the event of shocks, and policyholders are protected.

The stipulated minimum CAR requirement of 100 per cent is a way to ensure an insurer has enough capital buffer to withstand shocks.

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Article Details

Category: EconomyBusiness

Markets: Singapore

Topics: Singapore Strong Months Level Insurers Great Eastern Cent Capital Insurance Life

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-04 @ 05:00:00 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 795 words

Reading Time: 5 minutes read

Sentences: 31 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 23385057

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Main Topics: EconomyBusiness

Official Website: straitstimes.com

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Year Established: 1845

Headquarters: Singapore

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