Singapore looking to introduce protected cell company structure for insurance firms

The Monetary Authority of Singapore is looking to help insurance companies better manage risks with a proposed new corporate structure. Called a protected cell company (PCC) it aims to make complex insurance deals quicker and cheaper. A PCC is a single legal entity that separates the company's assets and risks into "cells". If one part of the firm gets into trouble, the others are safe and unaffected. The proposed law could take effect in 2028, strengthening Singapore's position as a regional risk management hub. Nasyrah Rohim reports.