The talks also cover potential funding mechanisms for the scheme, including the use of disaster relief funds or small deductions on utility bills, according to a government official cited by Reuters.
Captive plays a key role in parent company's risk framework, though premium volumes may decline in 2025 due to rate softening and shifts in capital spending.
Insurance Authority targets family offices and private bankers as it ramps up efforts to close Asia’s protection gap and deepen the city’s capital market role.
