Motor insurance in Singapore : problems and prescriptions

• Main Authors: Ang, Cheng Sim, Lim, Siew Hui, Teo, Clarissa Suan Hoon
• Other Authors: Benny Tabalujan
• Format: Final Year Project
• Language: English
• Published: 2015
• Subjects: DRNTU::Business::Finance::Insurance
• Online Access: http://hdl.handle.net/10356/63027
• Institution: Nanyang Technological University

Motor insurance makes up 32% of the total insurance business in Singapore. On statistics , the loss ratio is 62.7%. However, claims is only one aspect of the business expense. Overall, motor insurers are not making enough premium revenue to pay claims, administrative expenses, acquisition expense...