| Summary: | The study was an endeavour to explore the possibility of
singapore becoming an international insurance and reinsurance
centre in the 1990s. The primary motivation for
doing an in-depth study on this area was the dearth of
literature in this field of study. Materials for this
project came from literature research, twelve interviews
and three discussion sessions with leading insurance and
reinsurance practitioners and representatives from the
Insurance Commissioner's Department.
From gathered opinions and research information, the
definition of an international insurance and reinsurance
centre was derived. It should be an important market with
a significant number of international insurance and reinsurance
companies writing substantial domestic and international
business. They should have the capacity, management
knowledge and technical expertise to provide diverse
types of cover and a wide range of services.
Of the 9 criteria required of such a centre, 5 important
criteria were evaluated in depth. In addition, suggested
measures which would propel Singapore into the international
league were assessed carefully. International
economic issues and future trends and developments which
would attract Singapore's development were also looked
into.
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