<ul><li>Singapore's Deputy Prime Minister and Minister for Trade and Industry, Gan Kim Yong, highlighted plans to strengthen the insurance sector, particularly in the areas of AI and workforce development.</li><li>The Monetary Authority of Singapore (MAS) is collaborating with insurers under Project MindForge to develop a risk framework for the responsible use of AI in insurance.</li><li>MAS and the Institute of Banking and Finance are commissioning a Jobs Transformation Map to explore how AI will reshape job roles in the financial sector and identify the required skills for the future.</li><li>Singapore is also reinforcing its position as a reinsurance hub by supporting specialized coverage needs, collaborating with multilateral development banks, and promoting green investments in the insurance sector.</li></ul>

Singapore to Boost Insurance Sector with AI, Workforce Development

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