Document background
The Inter Company Agreement On General Insurance Business is essential for insurance companies operating in Singapore who wish to establish formal collaborative arrangements. This document is particularly relevant when companies need to define their relationship in conducting general insurance business, sharing risks, or managing joint operations. It addresses key requirements under Singapore's regulatory framework, including MAS guidelines and the Insurance Act, while covering crucial aspects such as underwriting protocols, claims management, financial arrangements, and compliance obligations. The agreement is designed to ensure clear operational parameters while maintaining regulatory compliance in the Singapore insurance market.
