Datasets · data
Insurance Regulation and Protection Anchors
Dated MAS Notice 133 solvency calibration anchors, SDIC deposit-insurance and PPF framing, and MAS FID insurance-licence category labels — with population and denominator boundaries per row.
Use each row with its stated denominator. Solvency ratios apply to licensed insurers' statutory returns; SDIC limits apply only when a member bank or insurer fails; FID licence labels describe permissions, not a count of distinct corporate groups. Narrative context lives in insurance and mas supervision.
Population bases
| Term | Meaning in this dataset | Do not confuse with |
|---|---|---|
| Licensed insurer (MAS) | Direct insurer, reinsurer or captive holding an Insurance Act licence | MOH national health schemes or CPF insurance |
| PCR / MCR (Notice 133) | Prescribed and minimum capital requirements at supervisory intervention levels | Individual policy claim limits |
| DI Scheme member | Bank or finance company in SDIC deposit insurance | Life insurer PPF membership |
| PPF Scheme member | Life or general insurer in SDIC policy-owner protection | MediShield Life or CareShield Life |
| FID licence category | Permission type in the MAS directory filter list | One category per unique company |
Source: MAS Notice 133; SDIC, accessed 14 October 2026.
MAS Notice 133 — solvency intervention levels (December 2025 notice text)
| Metric | Value | Population / denominator | As of |
|---|---|---|---|
| Higher intervention PCR calibration | 99.5% one-year VaR | Total risk requirement at higher supervisory solvency intervention level | Notice 133 text, 8 Dec 2025 |
| Lower intervention MCR calibration | 90.0% one-year VaR | Total risk requirement at lower supervisory solvency intervention level | Notice 133 text, 8 Dec 2025 |
| MCR as share of PCR | 50% | MCR set as half of PCR at lower intervention level | Notice 133 text, 8 Dec 2025 |
| MAS 133 (Amendment) 2025 effective | 1 January 2026 | All licensed insurers subject to Notice 133 page listing | MAS Notice 133 page, accessed Oct 2026 |
| MAS 133 (Amendment) 2026 effective | 31 March 2026 | Further amendment per MAS publication calendar | MAS Notice 133 page, accessed Oct 2026 |
Source: MAS Notice 133 PDF, 8 December 2025; MAS Notice 133 page, accessed 14 October 2026. VaR calibration is regulatory solvency, not a retail return guarantee.
SDIC failure-protection anchors (scheme membership required)
| Metric | Value | Population / denominator | As of |
|---|---|---|---|
| Deposit insurance cap | S$100,000 | Insured deposits aggregated per depositor per DI Scheme member bank or finance company | SDIC website, accessed Oct 2026 |
| CPFIS / CPFRS deposit cap | S$100,000 (separate aggregation) | Eligible placements with a member bank under stated CPF schemes | SDIC website, accessed Oct 2026 |
| PPF life coverage basis | Guaranteed benefits, subject to caps | Member life insurer failure; accident & health policies and riders excepted from cap rule per SDIC | SDIC website, accessed Oct 2026 |
| PPF general coverage basis | Not capped except statutory limits | Member general insurer failure; motor/property sub-limits per SDIC | SDIC website, accessed Oct 2026 |
Source: SDIC, accessed 14 October 2026. Schemes pay only on failure of a member institution, not for ordinary claims against a solvent insurer.
MAS FID insurance-sector licence categories (labels, not counts)
The MAS Financial Institutions Directory Insurance sector exposes filter categories including Direct Insurer (Life), Direct Insurer (General), Direct Insurer (Composite), Reinsurer (Life/General/Composite), Captive Insurer (Life/General/Composite), Approved Insurance Broker, Registered Insurance Broker, Authorised Reinsurer, Financial Holding Company (Insurance) and Representative Office (Insurance) (MAS FID insurance sector, accessed 14 October 2026). The directory is the authoritative label set for permissions; do not treat category names as a live institution headcount without reading the directory's current filtered total.
Record details
- Also known as
- Notice 133 PCR, SDIC PPF, insurance licence types Singapore
- Jurisdiction
- SG
- What each row represents
- one dated Notice 133 solvency anchor, SDIC scheme limit, or MAS FID insurance-licence label with denominator
- Update cadence
- after MAS Notice 133 amendments or SDIC scheme limit changes
- Source format
- markdown
Dates describe this record’s own period and applicability. A verification date does not mean a rule is currently in force.
Sources
Collection as of 2026-10-16 · An expanding collection. Published counts show available knowledge, not complete coverage of Singapore.
Machine-readable: Markdown · JSON · sgkb.data.insurance-regulation-anchors