Insurers play increasingly crucial role in green finance, sustainability

Insurers provide coverage for emerging green infrastructure. ST PHOTO: LIM YAOHUI
New: Gift this subscriber-only story to your friends and family

SINGAPORE - Insurance companies have become increasingly important players in the world of green finance - a sector that has long been dominated by banks.

While banks still provide the bulk of the funds, insurers have a key role to play as the world grapples with climate change, said Mr Daniel Wang, the Monetary Authority of Singapore's (MAS) executive director of insurance.

Already a subscriber? 

Dive deeper at $0.99/month

Want more exclusives, sharp insights into what's happening at home and abroad? Subscribe to stay informed.

Unlock these benefits

  • All subscriber-only content on ST app and

  • Easy access any time via ST app on 1 mobile device

  • 2-week e-paper archive so you never miss out on any topic that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.