MAS offers funding help to boost issuing of catastrophe bonds
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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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