Direct Insurance has gained momentum in recent years. One of the pioneering online insurer DirectAsia Insurance has formed a new partnership with Shell Singapore – that is the first partnership of its kind. This partnership will reward both new and existing DirectAsia motor insurance customers, who are members of the Shell Escape loyalty programme, with a host of exclusive […]
A Short Note on No Claim Discount
Recently, General Insurance Association (GIA) has received feedback from MAS that many motorists who have bought No Claim Discount (NCD) Protector for their motor insurance are not clearly aware that: i) their NCD Protector may not be transferable to another insurer ii) having an NCD Protector will not necessarily protect them against non-renewal or cancellation of […]
Car Insurance Fraudsters
Last year, I wrote an article “Who causes the increase of motor insurance premium“. I received some good feedback from the readers and I am glad that the public has started to be aware that car insurance fraud affects not just the insurance companies, but a large proportion of the public as well, because car […]
AXA settles Rochor Road Ferrari-crash Motor Insurance Claim
It is reported that AXA Insurance Singapore, which initially rejected any payout to the family of Chinese national Ma Chi who died in a deadly Ferrari crash last May along with two others, has settled with his estate. According to Business Times, In addition to settling all financial claims between the parties, “all third-party victims […]
Who causes the increase of motor insurance premium
Motorists always accuse the insurance companies of increasing of motor insurance premium every year. Being an independent adviser and dealing with nearly all insurers in Singapore and many claims, I know deeply that it is your fellow motorists are the ones to be blamed. Not to mention the accidents caused by merely reckless driving like […]
Should AXA Pay For Rochor Road Ferrari Crash Motor Insurance Claim?
It can be shocking to many motorists when AXA just decided not to honor the motor insurance claim in the high profile Rochor Road Ferrari Crash. In the crash, the driver Mr Ma had allegedly run a red light in Rochor Road. His car rammed a taxi, which then hit a motorcycle. The accident left […]