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OUTLOOK 2015: INSURANCE INDUSTRY

Continued smooth sailing a safe bet for now

But a perfect storm of tougher rules seen brewing in the following years

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Proposed enhancements to the existing risk-based capital framework (RBC 1) to be implemented in 2017 imply significantly higher capital requirements and impact largely on participating funds, sending life insurers squealing privately as credit risk charges and equity charges skyrocket under RBC 2.

Singapore

SINGAPORE insurers have had a rather smooth sailing and profitable year and this promising outlook is expected to continue into the new year even as a perfect storm brews and greater competition hots up the local insurance scene.

Many foreign players have entered the

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