Singapore: Insurance Laws and Products

The Singapore Court of Appeal's landmark decision in Argoglobal Underwriting v OCBC [2026] SGCA 14 examines the stringent evidentiary requirements for marine insurance claims following the capsize of the jackup rig "TERAS LYZA." The ruling clarifies when insureds can invoke the presumption of loss by perils of the seas and establishes critical standards for proving Constructive Total Loss claims. This case serves as essential guidance on the burden of proof, the preservation of evidence, and the admissibili

Mr Wong noted that cyber risk had increased with the growth of the digital economy. Asia is vulnerable, and the region alone has accounted for over a quarter of global cyber-attacks in 2021.

The Singapore High Court has examined the construction of general conditions in the case of Grace Electrical Engineering Pte Ltd v EQ Insurance Co Ltd [2016] SGHC 233 and, in particular, ...