Decision follows series of high-profile accidents
Roxanne Libatique Mar 26, 2024Company asked to clarify management responsibilities and strengthen legal compliance
Firm also said to be considering whether he should resign from his chairman role
Initiative aims to ease the financial burden on Singaporean motorists
Leniency towards a car dealer was driven by intense competition with rival insurers
Subdued growth in the previous year attributed to an increase in car prices
Technology's novelty may present unrealised challenges
Development in line with president's initiative promoting "mutual growth"
Sector expected to experience a 4.5% CAGR boom
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