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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.
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)