In brief
Singapore’s Monetary Authority announced on Nov. 2 a 30‑million‑SGD grant—about 23.5 million USD—to insurers to build expertise in infrastructure investing. The grant, part of a new risk‑sensitive capital framework, is aimed at mobilising long‑term private capital for regional infrastructure projects.
Singapore’s Monetary Authority of Singapore announced on Nov. 2 a 30 million Singapore dollar (≈23.5 million U.S. dollars) grant to help insurers develop the expertise and investment capabilities needed to originate, assess and manage infrastructure investments, the MAS said in a statement on Monday.
Under the scheme, MAS will allocate 30 million Singapore dollars from the Financial Sector Development Fund for an Infrastructure Capability Development Grant for Insurers. The grant, effective immediately, will help cover costs of setting up dedicated investment teams, training existing staff and engaging professional services to establish or expand infrastructure investment activities.
MAS also introduced a more risk‑sensitive capital framework to better reflect the underlying risks of infrastructure and other long‑term assets, including those achieved through securitization structures, while maintaining prudential standards and protecting policyholders.
The initiatives aim to mobilise long‑term private capital for regional infrastructure needs by aligning insurers’ long‑dated liabilities with such assets, the agency said.
