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  Although cyber insurance is seen as one of the biggest opportunities in insurance and reinsurance right now, the risks to insurers and insureds could be equally large. One significant threat is ‘cyber risk aggregation’. What is ‘cyber risk aggregation’? Risk aggregation in the insurance industry refers to multiple claims being generated by the same or a related event (such as the large number of claims that might follow a natural disaster). In the same…
30 March 2015 Notices on the Distribution of Direct Purchase Insurance Products   MAS has recently issued Notices under the Insurance Act and the Financial Advisers Act on 30 March 2015, covering the Distribution of Direct Purchase Insurance Products [“DPI”] (MAS Notice 321 / FAA-Notice 19). This set of Notices is a follow-up to 1 of the 5 key thrusts of the Financial Advisory Industry Review (FAIR) detailed within the Oct 2014 Consultation