"Engineering Resilience: The Role of Insurance in Asia's Next Chapter " - Opening Address by Mr Lim Cheng Khai, Executive Director, Financial Markets Development Department, Monetary Authority of Singapore, at the IMIA Annual Conference on 21 September 2026
Why this matters
This is an opening address by a senior MAS official at an industry conference. It provides concrete regulatory signals on three pillars: (1) the role of insurers in understanding and reducing infrastructure risk; (2) adoption of resilience-by-design frameworks like the Building Resilience Index; (3) expansion of alternative risk transfer capacity through ILS and the new Protected Cell Company framework. While not a binding obligation, it represents authoritative policy guidance on risk management practices and Singapore's strategic positioning as a risk transfer hub. The speech references recent MAS announcements (July 2026 PCC framework consultation) and ongoing initiatives (ILS Grant Scheme, FSTI funding). Significance is 3 because it offers noteworthy regulatory signals and policy direction rather than new binding rules or enforcement action.
AI-generated classification rationale, not a full analysis. Verify with the original MAS source before acting. Full disclaimer.
What the MAS said
At the IMIA Annual Conference, Mr Lim Cheng Khai, Executive Director, Financial Markets Development Department, MAS described the insurance industry's role in supporting Asia's growing infrastructure needs through understanding risk, reducing risk and connecting risk with capital.
Published by MAS . Read the full notice at the source for the authoritative text.
Context
Monetary Authority of Singapore (MAS) — Singapore's central bank and integrated financial regulator. We track 148 updates from them.
Singapore's financial sector is regulated by MAS. Browse all Singapore updates.
This update is classified under Operational Resilience / Outsourcing, Reporting & Disclosure, Insurance & Pensions and Capital Markets & Trading.