Tag: MAKinsure
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Understanding the Impact: Projected 12% Rise in Singapore Medical Insurance Costs for Corporate Health Benefits
Navigating employee health benefits is becoming increasingly challenging for companies with headcount in Singapore and around the region. With a projected 12% rise in medical insurance costs for 2025, it is essential for HR professionals and decision-makers to begin planning now. This increase poses risks not only to budgets but to employee satisfaction as well.…
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Rising Dental Costs in Singapore: How Insurance Can Help
Singapore residents are facing a double whammy: rising dental care costs and stagnant dental benefits. This can lead to a significant financial burden, especially for those who require regular dental checkups or complex procedures. Here’s a quick rundown of the situation: This is where dental coverage in your company’s group insurance can play a crucial role. Here’s how MAKinsure…
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Man Sues TTSH and doctors for $800k
A man has sued Tan Tock Seng Hospital (TTSH) and 3 of its doctors over misdiagnosis and negligence for its handling of his mum, Tan Yaw Lan, while she was warded in the hospital. He is seeking $800,000 in damages for the alleged negligence. It was alleged that the doctors prescribed inappropriate treatment methods and…
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Warehouse Fire At Gul Drive
A warehouse at Gul Drive caught fire last Saturday morning, which resulted in 13 emergency vehicles and 50 firefighting personnel being deployed to contain the blaze. The fire involved waste materials in the warehouse which measured 20 meters by 40 meters. As a result of the large area, firefighters had to take about 2 hours…
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Singapore Ranked No. 6 On Exposed Databases
According to a recent survey carried out by cybersecurity firm IB-Group, it was found that Singapore ranked number 6 globally for having the most databases exposed to the Web in 2021 that hackers could breach and exploit, despite Singapore being such a small nation compared to many others. It was estimated that Singapore had 1239…
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Workplace Fatalities 2021
In a press release, the Ministry of Manpower (MOM) published the figures on workplace safety for 2021. In total, there were 37 fatalities, comparable to that in 2019 before Covid-19 hit. There were also about 610 incidents which resulted in major injuries, a slight drop compared to 629 in 2019. Even so, the incident rate…
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AXA Exits General Insurance Business
After announcing the completion of sale to HSBC earlier in February, AXA recently made the decision that its general insurance (GI) arm, along with its motor insurance, will be heading into a run-off. This means that while AXA will continue to honour any ongoing insurance coverage and claims for the next 1 year till all…
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Cargo Ship Fire
Recently, a cargo ship carrying thousands of luxury cars caught fire while being transported from Germany to Rhode Island. While it was a relief that the crew members were safely rescued from the ship, the same cannot be said for the estimated 4000 vehicles aboard the cargo ship (Felicity Ace). The huge fire likely engulfed…
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Fires At Industrial Sites
Within a short span of 1 week, there were 2 large fires that occurred at industrial sites. The first one took place on 21 Jan 2022 at Gul Lane, where the fire was about the size of a football field and utilized 20 emergency vehicles from the Singapore Civil Defence Force (SCDF) and 70 firefighters…
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Log4J Advisory From CSA
In a follow-up to the previous post, the “Log4j” software flaw has taken on renewed urgency and importance with the Cyber Security Agency of Singapore (CSA) upgrading the alert level, as well as holding emergency meetings with all government agencies which oversee Singapore’s 11 critical information infrastructure (CII) sectors. In addition, the agency has urged…