Singapore to boost ILS market

Alvin Tan, board member for Monetary Authority of Singapore, said that the country is planning to increase insurance-linked securities offerings as the market is gaining confidence in the country's ILS regime, Artemis reported. Singapore remains focused on increasing the amount of reinsurance business undertaken and will continue to build-out the regulatory environment necessary to support a broader spectrum of ILS, including sidecars and collateralized reinsurance arrangements.