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About the CCWG

The Contract Certainty Working Group (CCWG) was formed in 2011 and comprises representatives from the Singapore Reinsurers' Association, Lloyd’s Asia, General Insurance Association of Singapore, Life Insurance Association of Singapore and the Reinsurance Brokers' Association of Singapore.

The objective of contract certainty is to provide clarity for all parties to a reinsurance contract on the terms and conditions of the policy prior to inception or renewal, and that full documentation of the risk and risk acceptance is properly maintained by all parties. The CCWG will begin collection of data from all in-scope firms from July 2013.


This initiative applies to all reinsurance contracts entered into by an MAS-regulated insurer or reinsurer, or arranged through an MAS-regulated intermediary.

Definition of Contract Certainty

Contract Certainty is achieved by the complete and final agreement of all terms and signed lines between the reinsured and the reinsurer by the time they enter the contract. Contract documentation shall be provided to all parties within 30 days of the reinsurer’s risk inception or the reinsured’s order to bind whichever is later.

For more details, refer to:

  • Workshop Presentation Slides
  • Contract Certainty Principles and Guidance Notes
  • Contract Certain Slip - Sample
  • Non-Life Reinsurance Contract Certainty Checklist
  • Life & Health Reinsurance Contract Certainty Checklist
  • FAQ
  • Examples of Fully Claused Subjectivities
  • Confidentiality

  • Confidentiality of Information
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    Market Briefings/Reports

  • Market Briefing 2018 - New!
  • Market Briefing 2016
  • Market Briefing 2015
  • Seminars 2014 - Participant Submissions
  • Market Briefing - September 2014
  • Market Briefing - April 2014
  • Report - March to May 2014

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    Disclaimer: Information on this website is released by the Contract Certainty Working Group for information purposes only and is not intended to be binding. GIA, LIA, SRA, RBAS and Lloyd’s Asia accept no responsibility whatsoever for liability as a result of any dependence on it. Any failure to comply with the contents shall not nullify any contract or agreement nor shall any non-compliance with the guidelines create any right of action or claims in any third party. This document does not affect the legal relationships between the parties to insurance/reinsurance contracts.
    ©2013 Singapore College of Insurance. All rights reserved.