MAS offers funding help to boost issuing of catastrophe bonds
Singapore
TO provide financing quickly in the aftermath of regional disasters or catastrophic losses, Singapore has moved to develop alternative risk transfer mechanisms such as insurance-linked securities (ILS) and government pools.
As a start, the Monetary Authority of Singapore (MAS) will fund 100 per cent of the upfront costs incurred in issuing catastrophe bonds - assets that pay insurers if they suffer cataclysmic losses - out of Singapore.
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