Alvin Soong’s Blog

Following the update I had placed few weeks ago on motor claims, I have placed a Q and A for people who might need this info from claims. The recent source is from Straits Times and GIA.
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Q: Why is the new framework necessary?
It is a best practice undertaken by all motor insurers in Singapore, and […]

This year, some of my clients had forgotten what to do when involved in a motor accident, since there are some minor changes with this year’s report system, I remind to do the following again:
1. FIll up the SIngapore Accident Statement jointly with the other party.
2. Call NTUC INCOME Hotline at 67886616 for advice and […]

Received from a friend who is in the insurance property business.It is well worth reading. It is forwarded around in our workplace and I thought it is important for the public to be informed.
This is one of those e-mails that if you don’t send it, rest assured someone on your list will suffer for not […]

2 yrs back I had the same incident. When I knocked into a car previously it was a light hit on the right bumper but when the bills came out, the motor workshop charge a fee on both the left and right bumper, headlights and even the bonnet. Ridiculous for hit only on the right […]

A COMMON lament among motor insurers is that underwriting vehicle risk is by its perverse nature a losing proposition. Padded repair bills, damage fraud, theft, third-party claims and the growing trend of young drivers getting into nasty accidents contribute to high payouts. Moreover, competition among the 30-odd motor insurers has held premiums down. The facts […]