The Monetary Authority of Singapore (MAS) announced a package of measures on 2 November to move more of insurers' long-term capital into infrastructure and securitised assets, which it says suit their long-dated liabilities. Chee Hong Tat, Minister for National Development and Deputy Chairman of MAS, announced the package at the Singapore International Reinsurance Conference.
The first measure, a S$30m infrastructure capability grant funded from the Financial Sector Development Fund, is available from 2 November. Insurers can use it to set up dedicated infrastructure investment teams, train existing staff and pay for professional services.
MAS is also consulting on a more risk-sensitive capital framework. Lower capital charges would apply to rated infrastructure debt that meets credit-quality and other qualifying conditions, to infrastructure equity and debt with risk-reducing features such as long-term contracted revenues, limited demand risk or support from strong-credit counterparties, and to senior investment-grade securitisation tranches that meet tests for simplicity, transparency and comparability, or diversification and liquidity safeguards. The release does not state the proposed charge levels.
In addition, MAS will recognise more external credit assessment institutions with infrastructure and securitisation expertise, provided they meet the criteria in Appendix 4I of MAS Notice 133. It is also working with the industry on standard disclosure templates, clearer guidance and fund-manager declarations, so that insurers can check more easily whether an investment qualifies.
The measures come from the Growth Capital Workgroup that MAS convened with the government in February 2026. The consultation on the capital proposals closes on 18 December 2026.
Read the source
Monetary Authority of Singapore ↗Regulator · 2 Nov 2026
This is an original brief based on the linked publication. Company statements and forecasts are attributed to their source.
