No upcoming events.
Click here to read the media statement on "GIA advises car owners who wish to rent out their private cars to ensure proper insurance coverage."
Click here to read President Derek Teo's message at the GIA AGM Luncheon.
Click here to read the New Requirements for Motor Dealers selling Motor Insurance.
By redistributing risks among a large number of people, an insurance contract helps to mitigate losses from accidents insured by an individual. In return for a specified payment of premium, the insurer undertakes to pay the insured or his beneficiary a specified amount of money (i.e. sum insured / limit of liability) in the event the insured suffers a loss through the occurrence of an event (insured peril) covered by the insurance contract (as evidenced in the policy document).