The grounding of an ultra large container ship - the Ever Given - in the Suez Canal brought traffic on the central shipping route between Europe and Asia to a standstill, with the potential to create more than $40bn dollars of trade disruption.
Asia Pacific has the highest percentage of medical claims fraud, sitting at 4%. This is double that of the EMEA region and almost triple that of the US. The insurance industry loses about $1 billion in fraudulent medical claims each year, but it does not have the time, resources and scale to combat the problem. This was the problem that RGA attempted to solve with their claims adjudication automation solution.
AIA Singapore has announced enhancements for AIA HealthShield Gold Max plans, including the extension of claims pre-authorisation to cover all non-emergency admissions and day surgeries at all private hospitals and healthcare providers across Singapore.
An investigation by the administrator of the Life Insurance Code of Practice has found many insurers breached their commitment to process insurance claims and requests for reviews within certain timeframes.
The General Insurance Association of Singapore (GIA Singapore) and Life Insurance Association, Singapore (LIA Singapore) today clarified member companies' coverage for medical expenses relating to the 2019 Novel Coronavirus (2019-nCoV).
Bushfires in Australia, which started last September, have caused insured losses of nearly A$1bn (US$692m) to date.
Measures aimed at addressing rising healthcare and health insurance costs in Singapore have been announced.
A report released by the Health Insurance Task Force highlighted the sharp rise in claims as a major driver of healthcare costs. But is this the real reason for the inflation in healthcare costs? Medix Group CEO Sigal Atzmon shares her insight.
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