dc.contributor.authorLui, Su Kian
dc.contributor.authorTang, Nam Hee
dc.contributor.authorMohd Iskandar Bin Mohd Salleh
dc.description.abstractThe report examines workmen's compensation insurance business in Singapore. The historical background of the business and its legislative framework are discussed. The underwriting and claims procedures, and the rating system are considered. Over the last five years, there has been a steady deterioration in the results of the business, and this is of growing concern. In fact, this is the only line of business which stands out as making a loss in operating results. The reasons for the decline as well as the recommendations made by the General Insurance Association of Singapore to improve the results are examined. Finally, other measures that could be considered to help reverse the trend, for example, an increase in premium rates, implementation of a no-claim-discount, a market agreement on tariff, a rate-freeze agreement, a link-up between insurance companies, the Central Provident Fund Board and the Ministry of Labour, and other recommendations are discussed.en_US
dc.format.extent139 p.en_US
dc.rightsNanyang Technological University
dc.titleThe workmen's compensation portfolio, what is wrong with it?en_US
dc.typeFinal Year Project (FYP)en_US
dc.contributor.supervisorAshok Goenkaen_US
dc.contributor.schoolCollege of Business (Nanyang Business School)en_US

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