Advertise here with us. In recent weeks, there has been a debate on the issue of motor-vehicle insurance. The local media as well as the general community have sought to air their views on the matter. We bring you some of the arguments presented. Our task is not to comment on the issue, but to put information collected from various sources here and let you form your own opinion.
Recent practices beg the question of whether industry practices are transparent enough.
Disclosures about arbitrary premium setting, and omissions which border on breach of faith, have centred on two features. One is including the COE in the insurance cover. It is nothing short of taking customers for a ride. The GIA demurs that banks and finance companies which give vehicle loans insist on its inclusion. The regulatory authorities should step in to put the matter right, on both the insurance and banking side.