SUBSCRIBERS
Major life insurers' capital cushion more than comfortable
From 2009 to 2013, eight of them have kept their CARs above 180%, way above the required 120%
Add BT as a preferred sourcePublished Thu, Oct 23, 2014 · 09:50 PM
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
SINGAPORE's nine major life insurers seem to have sufficient capital cushion for now, with all of them hitting a capital adequacy ratio (CAR) of more than 200 per cent last year, above the minimum requirement of 120 per cent.
The minimum capital requirement is set by the current risk-based capital (RBC 1) framework and serves as a buffer to absorb losses.
Copyright SPH Media. All rights reserved.
