|
Insurance companies
& websites
Insurance brokers &
websites
*Asia-Pacific
Risk And Insurance Association
9 Temasek Boulevard
#14-01/02/03 Suntec Twr 2 Singapore 038989
*Insurance Field
Managers' Association
1 North Bridge
Road #09-05 High Street Centre Singapore 179094
*Life Underwriters
Association of Singapore (L.U.A. of Singapore)
7 Hong Kong
Street LUA Building Singapore 059650
NEWS SNIPPETS
2006
-
MAS conducts first mystery shopping survey on financial advisory
practices
-
Singapore's insurance and re-insurance industry - next phase
|
Deposit Insurance Scheme launched in Singapore |
|
 |
|
"From 1 April, the deposit insurance scheme
will compensate individuals and charities for the first $20,000 of their
Singapore dollar deposits in standard savings, current and fixed deposit
accounts, net of liabilities, in the event that their bank or finance
company fails..." |
|
More..... |
|
-
Importance of corporate governance for insurance companies
2005
|
Changes
proposed for nomination of beneficiaries in insurance policies |
|
"Presently,... a nomination by a
policyholder of his spouse and/or children will
automatically create a statutory trust in favour of the spouse and/or children governed by section 73 of the
Conveyancing and Law of Property Act (CLPA). |
|
"The creation of a statutory trust
effectively causes the policyholder to lose all rights to and control
over the policy. This means that without the consent of all the
beneficiaries, he cannot make any change to his nomination or the terms
of the policy. |
|
"...MAS proposes to amend the Insurance Act
to bring under its purview the nomination of
beneficiaries in respect of the proceeds of insurance
policies..." |
|
More..... |
|
-
MAS releases Financial Stability Review for 2nd half 2005
Financial Industry Disputes Resolution Centre launched |
|
"First, by
handling all disputes that relate to forms of
financial transactions, it provides consumers the
convenience of a one-stop centre... |
| "Third, FIDReC is
affordable. To ensure easy access, mediation services
will be free. If current trend continues, it means
that 95% of all cases handled by FIDReC will be free.
Should adjudication be needed, consumers will pay just
$50." |
|
More..... |
|
-
Private medical insurance industry to be transformed
|
