Click here to read GIA press release on "Singapore’s 2016 General Insurance Sector Results".

Click here to read GIA press release on "GIA to Strengthen Republic’s Specialty Marine Insurance Footing".

Click here to read President AK Cher’s message at the GIA AGM Luncheon 2016.


By redistributing risks among a large number of people, an insurance contract helps to mitigate losses from accidents insured by an individual. In return for a specified payment of premium, the insurer undertakes to pay the insured or his beneficiary a specified amount of money (i.e. sum insured / limit of liability) in the event the insured suffers a loss through the occurrence of an event (insured peril) covered by the insurance contract (as evidenced in the policy document).