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All views expressed are those of the authors in their personal capacity, and unless otherwise stated, do not purport to reflect the opinions or views of the ILAS nor its Committee.
Subrogation Woes – do the terms of your insured’s tenancy agreement prevent recovery?
Sometimes loss events to occur at tenanted premises, and the insurer of landlord or tenant may settle the resulting claim(s) and then seek subrogation. Questions may then arise as to whether the landlord or tenant may rely on a terms in the underlying tenancy agreement to assert that it cannot be sued for the loss. This article explores such issues through HSBC Institutional Trust Services (Singapore) Ltd (as trustee of AIMS AMP Capital Industrial REIT) v DNKH Logistics Pte Ltd [2023] SGHC(A) 13.
The Rise of The Robots: AI large language models and the future of insurance policy wordings
The Rise of The Robots: AI large language models and the future of insurance policy wordings
Good news for insurers as the Singapore Court of Appeal confirms that parties in a PIMA claim can enter an interlocutory judgment by consent without admitting causation.
Unlocking a Robust Claims Fraud Risk Framework in Asia
In the age of digital insurance, fraud poses an ever-evolving challenge for Asia’s insurers, with consequences for consumers and shareholders alike. But defences are also advancing, and a sustainable fraud control framework is more achievable than ever before. Rudolf Frei (IBNR Management Consulting Pte Ltd) discusses how a fraud framework can assist insurers.
COVID-19 BI Insurance Claims: Where We Are Now
A quick review of case law developments in 2020. Contributed by Julian Teoh and Carren Thung (DAC Beachcroft Singapore)