S’pore insurers have healthy capital buffers

A file photo of the Merlion statue in Singapore. — Bloomberg

SINGAPORE: The nine key life insurers in Singapore have healthy capital buffers to withstand sudden shocks and observers expect them to remain well capitalised in the months ahead.

Based on publicly available data, almost all nine hit a capital adequacy ratio (CAR) of at least 150%, higher than the typical level of 100%.