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This blog is a collation of insights and commentaries from stakeholders across the insurance industry. Want to start a discussion? Write to us!
All views expressed are those of the authors in their personal capacity, and unless otherwise stated, do not purport to reflect the opinions or views of the ILAS nor its Committee.
AIDA World Insurance Congress to be Held in Singapore in 2031
Good news for insurers as the Singapore Court of Appeal confirms that parties in a PIMA claim can enter an interlocutory judgment by consent without admitting causation.
Unlocking a Robust Claims Fraud Risk Framework in Asia
In the age of digital insurance, fraud poses an ever-evolving challenge for Asia’s insurers, with consequences for consumers and shareholders alike. But defences are also advancing, and a sustainable fraud control framework is more achievable than ever before. Rudolf Frei (IBNR Management Consulting Pte Ltd) discusses how a fraud framework can assist insurers.
Video Surveillance System on Higher Value Construction Sites – Possible Impacts on how Common Law Work Injury Claims are Litigated
As of 1 June 2024, all construction sites in Singapore with a contract value of SGD 5 million and above will be required to have a video surveillance system installed. This new regulations could significantly impact the litigation of common law work injury compensation claims. However, the full extent of these changes will unfold with time.
ILAS Celebrates 30 Years - Promoting awareness of insurance law issues since 1994
ESG Risks and Insurance Coverage
What are ESG risks and what insurance cover is available to mitigate such risks?
FIDReC and its role in Singapore’s Insurance Industry
Coverage dispute and market conduct complaints inevitably arise from time to time between insurers and their stakeholders., and oftentimes, resolution in court is undesirable because of the expense and emotional toll involved.
FIDReC provides a more efficient and amicable way of resolving these everyday disputes. In this article, Eunice Chua and Kenneth Har (FIDReC) provide a step-by-step breakdown of their two dispute resolution schemes and explain how the FIDReC managers and adjudicators can help parties find mutually-beneficial solutions.
Tax Liability Insurance: A Game Changer in Addressing Tax Ambiguity
Tax liability insurance has become a vital tool for advancing negotiations in M&A transactions and expediting corporate restructuring exercises. Eugene Lim (Head of Tax -Asia (Private Equity and M&A Services), Marsh Asia) discusses the key features of such products and common misconceptions.
PDPA Amendments: What Insurance Companies Should Know
An update on the Nov 2020 PDPA Amendments, and possible implications for insurance companies. Contributed by Jansen Aw, Ngaim Ruo Ling and Ting Chun Yen (Donaldson & Burkinshaw LLP)
COVID-19 BI Insurance Claims: Where We Are Now
A quick review of case law developments in 2020. Contributed by Julian Teoh and Carren Thung (DAC Beachcroft Singapore)
Calling for contributors
Now calling for articles, commentaries, insights, etc on insurance industry trends and developments.