MONETARY AUTHORITY OF SINGAPORE (MAS)Required to operate
Insurer and Insurance Broker Licence
Insurers and insurance brokers are licensed and governed under the Insurance Act.
- Processing time
- available on the agency's website
- Issuing authority
- MONETARY AUTHORITY OF SINGAPORE (MAS)
Need help applying for this licence?
We handle the full application — document prep, agency liaison, follow-up — alongside your incorporation.
Who needs the Insurer and Insurance Broker Licence
This licence applies to Singapore businesses registered under the following SSIC industry codes:
- Required to operateDivision 65 — INSURANCE, REINSURANCE, PROVIDENT FUNDING AND PENSION FUNDING
Includes: 65110 Life insurance, 65121 Marine insurance, 65122 Captive insurance, 65123 Import, export and credit insurance
- Required to operate66220
Get a quote — incorporation + this licence
We package this with your company setup so you launch with the licence already approved.