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Private-hire drivers, home offices could retain protection if insurer collapses

MAS consults on changes to Policy Owners' Protection Scheme
Wednesday, April 19, 2017 - 05:50

grabcar.jpg
Private-hire car owners who drive for Uber or Grab will be entitled to protection if their insurers collapse, under a proposal that the Monetary Authority of Singapore (MAS) is considering.

Singapore

PRIVATE-HIRE car owners who drive for Uber or Grab will be entitled to protection if their insurers collapse, under a proposal that the Monetary Authority of Singapore (MAS) is considering.

That proposal, as well as a cap on what can be paid out to policyholders when

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