Month: March 2021

LIA Singapore weighs in on IPs row with doctors

spike 3 weeks ago

In its response, the LIA said it has implemented all the recommendations issued by the Health Insurance Task Force in 2016, which aim to keep insurance costs down.

LIA called for increased transparency, urging the SMA to create clinical quality measures and guidelines to prevent over-treatment, which the insurers’ group alleges to have happened on numerous occasions.

On the subject of medical panels, LIA said this has been a common practice, and it has advised insurers to make sure their panels are large enough to offer a wide range of medical services to policyholders. However, LIA argued that expanding the

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State of the Industry Report on Mobile Money 2021

spike 3 weeks ago

2020 was a year like no other. In every region of the world, COVID-19 triggered a mix of responses, from school and workplace closures to restrictions on movement to complete lockdown.

All at once, handling cash, paying for daily essentials and conducting business in person became risky, and more people than ever turned to mobile money as a safer option.

For mobile money providers, the pandemic created a more complex operating environment. With consumer spending down and transaction fees waived, providers found it difficult to reap the commercial benefits of higher mobile money usage and a widespread shift from cash

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Payment Systems Regulator names Mastercard in pre-paid card cartel

spike 3 weeks ago

The Payment Systems Regulator (PSR) has set out provisional accusations for five payments companies including Mastercard, in which it states the companies violated antitrust laws, by operating a cartel for pre-paid card services over six years.

Payment Systems Regulator names Mastercard in pre-paid card cartel

The PSR says the companies — which were all members of an industry group funded by Mastercard — agreed to share leads and not poach clients from each other under an agreement that lasted from 2012 until 2018, when the regulator raided several of the companies’ offices.

The accusations focus on pre-paid card services used

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No lawsuits or claims for Suez blockage yet – shipowner

spike 3 weeks ago

Shoei Kisen, the Japanese company that owned the container ship that ran aground and blocked the Suez Canal for nearly a week, said it has not received any claims or lawsuits seeking compensation for damages for the blockage.

“There have been no claims or lawsuits against our company related to the incident,” Yumi Shinohara, deputy manager at Shoei Kisen’s fleet management department, told Reuters. “We are still investigating the cause of the incident and the cost, including insurance payment and potential compensation for damage.”

Tugs managed to refloat the 400-metre-long Ever Given on Monday. The vessel ran aground March 23

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