Singapore amends marine, aviation and transportation insurance rules
Posted On: Nov. 24, 2016 5:00 AM CSTSingapore's central bank, the Monetary Authority of Singapore, has amended the regulations for marine, aviation and transportation insurance to harmonize them with the Asean Economic Community, Asia Insurance Review reports. The AEC member nations earlier signed an agreement that allows insurers to offer insurance across Asean borders and all member states must enact enabling regulations. The new rules take effect before 2017.