Insurers wary as Singapore revamps RBC rules

Proposed capital charges would force changes to product mix

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The Monetary Authority of Singapore (MAS) is often seen as a regulatory trend-setter in Asia so insurers are watching the current overhaul of its risk-based capital (RBC) regime with interest, looking for clues as to what other supervisors might do in future.

A consultation that closed at the end of June gives an insight into what is coming, even though MAS will make changes to its proposals before they are finalised at the end of 2014. Market participants say it is already clear insurers will h