Insurance sector: Central bank invests S$30m to boost infrastructure investment capabilities

Singapore's central bank is setting aside S$30 million to encourage insurance companies to invest more in infrastructure projects across Asia. The funding will help them build expertise to manage such investments, including setting up dedicated teams and training their staff. The push comes as Asia-Pacific insurers hold more than US$10 trillion in investable assets, but allocate only around one to two per cent to infrastructure. CNA speaks to Benjamin Goh, Head of Research and Investor Education at the Securities Investors Association (Singapore).