Singapore ILS grant scheme extended until end-2022

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The Monetary Authority of Singapore (MAS) has announced that it will extend its insurance-linked securities (ILS) grant scheme until the end of 2022.

The move was announced by Benny Chey, assistant managing director (development and international) at a virtual conference organised by Artemis. The idea is to raise Singapore’s profile as a reinsurance hub and attract more catastrophe bond issuers to the market. Chey also mentioned a desire to expand its range of ILS products beyond cat bonds.

The ILS grant scheme, which was launched in early 2018, will fund the entirety of the upfront costs involved in issuing

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