From licensing and market conduct to risk transfer, dispute resolution and insolvency, Singapore's insurance and reinsurance framework spans a wide range of legal and regulatory considerations that continue to evolve alongside the industry.

In the latest Practical Law Country Q&A: Insurance and Reinsurance in Singapore, Hui Choon Yuen (Head of Financial Services), together with Tan Shao Tong (Head of Tax), Chua Jianjie Alvin (Partner) and Wesley Aw (Senior Associate), provide a practical overview of the legal and regulatory framework governing insurance and reinsurance in Singapore.

The guide covers key areas including the regulatory framework, licensing and ongoing compliance requirements, ownership restrictions, sales and marketing of insurance and reinsurance services, transfer of risk, insurance and reinsurance contracts, claims, dispute resolution, insolvency and tax.

Click here to read the full chapter.

Reproduced from Practical Law with the permission of the publishers. For further information, visit www.practicallaw.com.