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Singapore developing ILS hub

Posted On: Jun. 12, 2019 6:37 AM CST


Singapore’s central bank is developing an insurance-linked securities hub as an alternative risk-financing system to strengthen resiliency against natural disasters in Asia, Channel News Asia reported. Heng Swee Keat, Singapore's deputy prime minister, said that Singapore is also setting up a natural catastrophe data analytics exchange to support the structuring, modeling and securitization of ILS transactions.

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