The reforms target lower personal injury premiums, broader access to time-based motorcycle insurance, and the transfer of no-claims discounts when motorcycles are replaced.
Industry-wide insurance service results jumped 27% YoY, supported by claims stabilisation and fast premium growth across cyber, mortgage, marine, aviation, and consumer credit.
The review will examine how professional indemnity insurance operates when financial services firms enter voluntary administration, winding-up, or deregistration.
The changes see expanded mandates for Candy Goh and Henry Chua, alongside the appointment of Alvin Soh to a newly defined distribution and marketing role.
