Motor insurance claims climb by 11.8% despite fewer reported accidents
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Christopher Tan
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Singapore
MOTOR accidents are becoming more severe and involving more injuries, going by first-half results released by the General Insurance Association (GIA) on Tuesday.
The association said there had been a "significantly higher increase" of 11.8 per cent in incurred motor insurance claims, totalling S$291.3 million for the interim period, despite a dip of 4.3 per cent in the number of reported motor accidents.
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