Insurance Law in Singapore, 3rd Edition | 2025

Insurance Law in Singapore, 3rd Edition | 2025

The third edition of *Insurance Law in Singapore* offers a timely and valuable update for legal practitioners, students, and stakeholders involved in insurance law. While Singapore’s insurance law has its foundations in English law, significant differences have emerged between the two legal systems over time. Since the second edition was released in 1997, the UK has enacted several major legislative reforms, including the Insurance Act 2015 (widely regarded as the most important reform to English insurance law since the Marine Insurance Act 1906), the Consumer Insurance (Disclosure and Representations) Act 2012, and the Third Parties (Rights Against Insurers) Act 2010. This edition analyses these developments and contrasts them with how similar issues are addressed under Singapore law.

The book delivers a thorough examination of legislative changes and case law across all stages of the insurance process, from contract formation and risk assessment to loss, claims, and third-party rights. It also delves deeply into motor insurance and its associated legal considerations.

… The law of insurance in Singapore has, to a large extent, been based on English insurance law. However, there are now major differences between Singapore and English insurance law with the coming into force of the UK Insurance Act 2015 (“UKIA 2015”), which has been described as the most significant reform of English insurance law since the Marine Insurance Act 1906, and the UK Consumer Insurance (Disclosure and Representations) Act 2012 (“CIDRA 2012”). These two UK statutes brought a sea change in English law on non-disclosure and misrepresentation in the context of insurance policies. Furthermore, the UKIA 2015 altered the law on insurance warranties and conditions precedent and clarified the consequences of making a fraudulent claim. The Singapore Academy of Law Subcommittee on Insurance Law Reform has endorsed most of the changes to insurance law effected by the UKIA 2015 and the CIDRA 2012 in its Report on Reforming Insurance Law in Singapore in 2020 but to date, these changes to English law have not been introduced in Singapore. …

Contents of Insurance Law in Singapore, 3rd Edition

Chapter 1: Formation of Contract of Insurance
Chapter 2: Insurable Interest
Chapter 3: Non-Disclosure and Misrepresentation
Chapter 4: Warranties and Conditions
Chapter 5: Commencement of Policy, Duration of Cover and Renewal of Policy
Chapter 6: Premiums
Chapter 7: Increase of Risk
Chapter 8: Loss, Proximate Cause of Loss and Taking Reasonable Precautions to Avoid Loss
Chapter 9: Making a Claim
Chapter 10: Fraudulent Claims
Chapter 11: Assessment of Insured’s Loss
Chapter 12: Reinstatement
Chapter 13: Double Insurance and Contribution
Chapter 14: Subrogation
Chapter 15: Assignment, Nomination of Beneficiaries and Group Policies
Chapter 16: Construction of Insurance Policies
Chapter 17: Illegality
Chapter 18: Insurance Intermediaries
Chapter 19: Effect of Insured’s Insolvency on Rights of Third Parties
Chapter 20: Compulsory Motor Insurance
Chapter 21: Drivers Covered by a Motor Policy
Chapter 22: Motor Policy Conditions and Exceptions
Chapter 23: Third Parties’ Rights against Motor Insurers
Chapter 24: The Motor Insurers’ Bureau of Singapore