Notices
Notice 126 Enterprise Risk Management (“ERM”) for Insurers
Enterprise risk management (ERM) requirements and guidelines for licensed insurers.
Issued pursuant to:
This notice applies to all licensed insurers, except captive insurers and marine mutual insurers.
It sets out the ERM requirements and guidelines for insurers to identify and manage interdependencies between key risks, and how these are translated into management actions related to strategic and capital planning matters.
Amendment Notes
- 07 Dec 2015
- Notice 126 (Amendment) 2015 (31 KB) takes effect.
- 22 Apr 2013
- Notice 126 dated 22 Apr 2013 (417 KB) [Cancelled with effect from 7 Dec 2015]
Related to this Notice
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NoticesLast Revised Date: 19 December 2018
Notice 124 Public Disclosure Requirements
Public disclosure requirements for licensed insurers.
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GuidelinesLast Revised Date: 05 October 2018
Guidelines on Outsourcing
Guidelines for financial institutions on risk management of outsourcing arrangements.
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GuidelinesPublished Date: 19 July 2017
Guidance on Insurers' Own Risk and Solvency Assessments
Information paper outlining MAS' key observations from a review of the industry’s Own Risk and Solvency Assessment (ORSA) reports, with the aim of guiding insurers towards improving their respective ORSAs.
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GuidelinesPublished Date: 01 July 2014
Guidelines on Risk Management Practices – Internal Controls
Guidelines to help financial institutions to review their internal controls.
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GuidelinesPublished Date: 01 June 2013
Guidelines on Risk Management Practices – Technology Risk
Risk management principles and best practice standards to guide financial institutions in managing technology risk.
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GuidelinesPublished Date: 01 March 2013
Guidelines on Risk Management Practices – Board and Senior Management
Guidelines on the role that a financial institution's Board of Directors and senior management play in risk management.
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GuidelinesPublished Date: 01 March 2013
Guidelines on Risk Management Practices – Market Risk
Guidelines for financial institutions on managing their market risk
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GuidelinesPublished Date: 01 March 2013
Guidelines on Risk Management Practices – Operational Risk
Guidelines for a financial institution’s operational risk management framework, including business continuity and outsourcing.
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GuidelinesPublished Date: 01 March 2013
Guidelines on Risk Management Practices – Objectives and Scope
Guidelines on the objectives and scope of risk management practices.
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GuidelinesPublished Date: 01 March 2013
Guidelines on Risk Management Practices – Credit Risk
Guidelines for financial institutions on managing their credit risk.
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GuidelinesPublished Date: 01 March 2013
Guidelines on Risk Management Practices – Liquidity Risk
Guidelines for financial institutions on managing their liquidity risk.
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ConsultationsPublished Date: 23 January 2013
Consultation Paper on Enterprise Risk Management for Insurers
- Consultation number:
- P002 - 2013
- Start date:
- 23 January 2013
- Closing date:
- 28 February 2013
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CircularsPublished Date: 10 July 2006
ID 17/06 Internal Audit/Compliance Function and Head Office Oversight
Requests insurers to provide MAS with a copy of their Internal Audit and/or Compliance work plans and reports.
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CircularsPublished Date: 06 January 2006
SRD BCM 01/2006 Further Guidance on Business Continuity Management
Sets out MAS' expectations in relation to business continuity management