10th Singapore International Reinsurance Conference

The Singapore International Reinsurance Conference (SIRC) was launched in 1991 to fill in the gap between the biennial meetings of the EAIC to give insurance professionals a forum to meet and discuss issues of the day, while taking stock of developments in the reinsurance market; and starting preparations for the following year’s treaty renewals.

Like the East Asian Insurance Congress (EAIC), the SIRC has gained a strong reputation and loyal following over the years, with reinsurers, insurers and reinsurance brokers from all over the world attending and conducting bilateral discussions alongside the main conference, which usually attracts about 500 delegates from around the world.

The SIRC is organised by the Singapore Reinsurers’ Association (SRA) and actively supported by the Reinsurance Brokers’ Association of Singapore (RBAS) and the Singapore College of Insurance (SCI), as well as Asia Insurance Review (AIR), the official magazine of the Conference since its launch.

Singapore Reinsurers’ Association
The Singapore Reinsurers' Association (SRA) was formed in 1979 with the main aim of facilitating and encouraging co-operation amongst all companies transacting reinsurance business in Singapore. As a trade association, the SRA collectively represents its members in matters affecting their interests in the reinsurance business and aims to upgrade reinsurance expertise in Singapore by promoting education and training in all aspects of the industry. With Singapore being one of the premier reinsurance centres in this region, the SRA currently has 20 Ordinary, eight Associate and one Honorary members.

Reinsurance Brokers' Association (Singapore)
The Reinsurance Brokers' Association (Singapore) or RBAS was established on 19 Dec 1995.

Establish a forum and standard for Licensed Singapore Reinsurance Brokers;

Safeguard their professional interests and to enhance and promote their effectiveness;

Promote compliance and protect our industry's ethical and legal standards;

Promote the education and training of persons practising or intending to practise reinsurance broking in Singapore;

Contribute to thinking and action on proposed and existing legislation, as well as present a cohesive channel of communication and representation for members to regulators and legislators; and

Promote a forum for an exchange of views and information between members and other local and international associations and professional bodies.

Currently there are 11 reinsurance brokers registered and conforming to the standards and requirements laid down by RBAS.

The Singapore College of Insurance (SCI) is a not-for-profit industry-funded insurance training and education provider that was set up in 1974 in support of Singapore’s goal to develop into a regional financial centre.

Conducting a range of certifiable skills courses for insurance and financial services professionals;

Organising seminars and workshops for continuing professional development;

Certifiying minimum regulatory technical competency standards for financial services practitioners;

Awarding professional designations in insurance and related financial services.;

Publishing insurance and financial planning textbooks.

SCI was named the "Educational Service Provider of the Year" at the Asia Industry Award in 1997, 2001 and 2007.

Asia Insurance Review, having served the industry for over 18 years and hailed by market leaders as the “Voice of Asia”, is the premier professional regional journal committed to serving the insurance industry with informative editorial on Asia, on-the-spot updates and technical conferences to support the industry’s march towards higher standards and greater professionalism.

With its entrenched support from the market, it is the official magazine of the leading industry events in Asia, especially the East Asian Insurance Congress and Singapore International Reinsurance Conference. As part of its range of value-added services to the region, Asia Insurance Review organises technical conferences, including the acclaimed CEO Insurance Summit for Asia, and produces directories and daily online newsletters. It is also the co-organiser of the Asia Insurance Industry Awards and the Australia & New Zealand Insurance Industry Awards.

In September 2006, Asia Insurance Review launched the MiddleEast Insurance Review-Incorporating Global Takaful to meet the information needs of the insurance practitioners in the Middle East in particular, and the rest of the world in general.

Besides filling the information gap in the Middle East insurance industry, it responds to the need to plug the Middle East insurance industry into the international grid as the insurance business becomes highly internationalised, and greater global attention is paid to the growth prospects in the Middle East. It provides a boost to the two-way flow of information between Asia and other regions in the world.

MiddleEast Insurance Review Incorporating Global Takaful is the media partner for the Islamic Financial Services Board Summit, the World Takaful Conference and the Middle East Insurance Forum.

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Conference Overview