pstrongspan style="font-size:11pt; font-variant:normal; white-space:pre-wrap"span style="font-family:Arial,sans-serif"span style="color:#000000"span style="font-weight:700"span style="font-style:normal"span style="text-decoration:none"MAS found no unfair practices but stressed improved insurer communication.
Singapore said whilst insurers may appoint third-party advisors regarding insurance provisions for disabled and neurodivergent individuals, they won't be compelled to override decisions.
In response to a parliamentary inquiry, Lawrence Wong, Deputy Prime Minister and Minister for Finance, and Chairman of the MAS, highlighted MAS's commitment to fair underwriting practices. MAS will formalise this commitment in revised guidelines to be issued shortly. Insurers are expected to assess applications objectively, utilising their expertise and risk assessment tools.
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