Dragonl 1st Gear March 17, 2011 Share March 17, 2011 Hmmm, they factor in who are those doing the claim? Maybe taxi drivers are claiming injuries the most. Plus do they audit the workshop who do the repairs? I have knows of acquaintances who make accident claims and managed to get a full body kits installed and u know what - it doesn't have a body kits in the first place. Talk about loss, of coz lah, just paying the workshop blindly mah and then suck us dry. ↡ Advertisement Link to post Share on other sites More sharing options...
Shicyj Neutral Newbie March 17, 2011 Share March 17, 2011 Think we need a class action suit, mass tort.. not sure if its applicable in Singapore. This is also cartel like behaviour... underwriters suffering a loss? I don't see that when the insurers announce their year end results... http://www.aia.com.sg/en/resources/94722b0...+_25Feb2011.pdf http://www.prudential.com.sg/corporate_sg/...elease_20090813 Strangely, no news release in 2010 http://www.income.com.sg/aboutus/annreport/2009.pdf http://www.aviva.com.sg/about-us/aviva-in-.../news_0076.html http://www.lifeisgreat.com.sg/en/jsp/corpo.../2011/feb15.jsp http://www.manulife.com.sg/pdfs/NR_20101104.pdf Link to post Share on other sites More sharing options...
Darthrevan Supercharged March 17, 2011 Share March 17, 2011 http://www.asiaone.com/Motoring/News/Story...516-216523.html 60 accidents a day involved taxis..22k accidents a year for taxis..out of 162k accidents! there's only 933k vehicles..yet 1/6 involved in accidents Link to post Share on other sites More sharing options...
Mllcg 3rd Gear March 17, 2011 Share March 17, 2011 what is the earthquake in JAPAN got to do with SINGAPORE? collect from us to pay out to them Link to post Share on other sites More sharing options...
Mllcg 3rd Gear March 17, 2011 Share March 17, 2011 High ins could kill off popular cars too. Perhaps some cars are low in sale due to high ins, perhaps WRX? What a kok full of reasons. Why not say the ins co take the paid premiums to invest in properties and commodities, and they hedge correctly, and made a lot of profit in 2010. Anticipating higher profits as well in 2011, ins co will reduce the premiums for 2012, as a gratitude gesture!! what goes up, never comes down. same logic for taxes Link to post Share on other sites More sharing options...
inlinesix Hypersonic March 17, 2011 Share March 17, 2011 Think we need a class action suit, mass tort.. not sure if its applicable in Singapore. This is also cartel like behaviour... underwriters suffering a loss? I don't see that when the insurers announce their year end results... http://www.aia.com.sg/en/resources/94722b0...+_25Feb2011.pdf http://www.prudential.com.sg/corporate_sg/...elease_20090813 Strangely, no news release in 2010 http://www.income.com.sg/aboutus/annreport/2009.pdf http://www.aviva.com.sg/about-us/aviva-in-.../news_0076.html http://www.lifeisgreat.com.sg/en/jsp/corpo.../2011/feb15.jsp http://www.manulife.com.sg/pdfs/NR_20101104.pdf KNS. Don't know s--t & anyhow quote. AIA = Life insurer. Prudential = Life insurer. NTUC: This is even worst. Quote outdated financial. Look for 2010 data. Aviva: Only got life insurance premium. No info on profit. F A I L. Great Eastern: Life insurer Manulife: Life insurer Link to post Share on other sites More sharing options...
Bystander50 5th Gear March 17, 2011 Share March 17, 2011 With the rate they are increasing the premium, the NCD is already something useless, even with 50% + 5% tp bonus, I'm quoted $400++ more. Maybe this is a tactic to slowly remove the NCD component. Link to post Share on other sites More sharing options...
Chelsea901 1st Gear March 17, 2011 Share March 17, 2011 read the first 2 paragraphs then lost interest in reading the rest liao..... think they might as well include bahrain unrest issues to raise further......... lol, ya lo, then make until sg no more car, then no choice must take B.M.W liao, then we will become the world's greenest country. Link to post Share on other sites More sharing options...
Bird5011 3rd Gear March 17, 2011 Share March 17, 2011 Holy Crap Batman.....162,000 accidents from around 1,000,000 vehicle population. That's one ACCIDENT per 10 cars. I wonder how many cars got into acccidents, (i.e some accidents are five or six cars), and how many more accidents went unreported. This just proves that SINGAPOREANS CAN'T DRIVE. Roads are so good and yet still so many accidents. So are you SINGAPOREAN??? Link to post Share on other sites More sharing options...
13177 Hypersonic March 17, 2011 Share March 17, 2011 Car insurance always go up, if u want to own a car then no choice. Link to post Share on other sites More sharing options...
Kiadaw 6th Gear March 18, 2011 Share March 18, 2011 http://www.asiaone.com/Motoring/News/Story...516-216523.html 60 accidents a day involved taxis..22k accidents a year for taxis..out of 162k accidents! there's only 933k vehicles..yet 1/6 involved in accidents Why is anyone surprise by the figures. Many drivers are just too impatient, too aggressive, don't give way. In the end, somethings gonna give....*Bang*. In the end, everyone have to suffer due to these people. Of course, the inflated cost of repair play a part as well. Also, people make big fuss after accident, don't wanna admit mistake. Engage Lawyer, & their mother. Small bill inflated to 4-5X cost or even more. If 1 person let one step, then alot of the cost can be lower. Link to post Share on other sites More sharing options...
Jj5599 1st Gear March 18, 2011 Share March 18, 2011 What does earthquake got to do with car insurance? Link to post Share on other sites More sharing options...
Csnewbie 1st Gear March 18, 2011 Share March 18, 2011 knn... win liao loh, always have excuse to increase the price... what happen in Japan also we have to be responsible.... This is SG's specialized culture--get any excuse to increase price. :angry: Link to post Share on other sites More sharing options...
Sktan10 5th Gear March 18, 2011 Share March 18, 2011 Feel like every year insurance go up,is it become a trend? Link to post Share on other sites More sharing options...
Maroon5 5th Gear March 18, 2011 Share March 18, 2011 frankly all the GIA initiatives, hooha, motor insurance framework bla bla, did motor ins fall? Link to post Share on other sites More sharing options...
Robo 2nd Gear March 18, 2011 Share March 18, 2011 wads new? Link to post Share on other sites More sharing options...
Vega Turbocharged March 18, 2011 Share March 18, 2011 so if we pay the higher insurance, can we claim against act of God since they link Tsumani to higher insurance cost? Link to post Share on other sites More sharing options...
Nhrisuzu 1st Gear March 18, 2011 Share March 18, 2011 thought Act of God is not covered?? why the insurers so scared?? [confused] ↡ Advertisement Link to post Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In NowRelated Discussions
Related Discussions
COE Bidding – Mar 2025
COE Bidding – Mar 2025
Xiaomi EV is Coming
Xiaomi EV is Coming
Used Car Dealers Feedback (Part 2)!
Used Car Dealers Feedback (Part 2)!
2024 Suzuki Swift
2024 Suzuki Swift
Mileage Tampering
Mileage Tampering
Car insurance renewal
Car insurance renewal
More MRT Lines Announced
More MRT Lines Announced
COE Bidding – Feb 2025
COE Bidding – Feb 2025