MAS proposes new corporate structure to grow alternative risk transfer market

Framework will lower costs for captive insurance, insurance-linked securities and sovereign risk pools

Tan Nai Lun
Published Tue, Jul 7, 2026 · 03:00 PM — Updated Tue, Jul 7, 2026 · 09:04 PM
    • MAS’ proposed protected cell company structure allows assets and liabilities to be segregated into individual “cells” within a single legal entity.
    • MAS’ proposed protected cell company structure allows assets and liabilities to be segregated into individual “cells” within a single legal entity. PHOTO: BT FILE

    [SINGAPORE] The Monetary Authority of Singapore (MAS) has proposed a new corporate structure designed to make alternative risk transfer solutions more accessible and cost-effective for companies, as it seeks to strengthen Singapore’s role as a regional risk management hub.

    The proposed protected cell company (PCC) framework comes at a time when Asia remains significantly underinsured, even as risks become more complex, more connected and harder to price, MAS said on Tuesday (Jul 7).

    The PCC structure allows assets and liabilities to be segregated into individual “cells” within a single legal entity, such that multiple risk arrangements can be housed under a common platform while being legally ring-fenced from one another.