Withdrawal of Incidence-occurrence Medical Indemnity Plans by UK-based Medical Protection Society

Debated in Parliament on 10 Mar 2015.

Summary written by AI (learn more)

The UK-based Medical Protection Society (MPS) is transitioning obstetricians and gynaecologists (OGs) in Singapore from occurrence-based to claims-based medical indemnity plans, which only cover claims made during the policy period and may require additional tail cover for future claims.
Health Minister Gan Kim Yong explained that while claims-based plans typically have lower premiums, OGs face challenges in securing adequate coverage due to this change, prompting the Ministry of Health (MOH) to engage stakeholders.
MOH is actively discussing the issue with professional bodies representing OGs to address their concerns and explore measures to ensure continuous and appropriate professional indemnity coverage.

Questions identified by AI (learn more)

Full Transcript

Sitoh Yih Pin

Mr Sitoh Yih Pin asked the Minister for Health in view of the withdrawal of incidence-occurrence medical indemnity plans by the UK-based Medical Protection Society (MPS) resulting in obstetricians and gynaecologists (OGs) being unable to secure adequate professional indemnity insurance, what are the measures that the Ministry is considering to address this situation of professional indemnity plans for OGs.

Gan Kim Yong

The Medical Protection Society announced its intention to change the medical indemnity cover for obstetricians and gynaecologists from occurrence-based to claims-based cover. Occurrence-based cover would cover the practitioner for incidents that occurred during the period that they paid membership or premiums, regardless of when the claim for the incident is made. In claims-based cover, a practitioner is only covered for claims made during the period of cover paid for. Compared to occurrence-based cover, the membership fees for obstetricians are expected to be lower under claims-based coverage.

A practitioner will need to purchase tail cover if he wishes to remain protected for any claims made after the period of cover has ended. MPS has indicated that tail cover (run-off cover), which is available in five-year blocks, enables it to price coverage more accurately.

MOH is looking into this matter and is in discussion with the stakeholders representing the obstetricians and gynaecologists to address their concerns.

Page: 168

Summary written by AI (learn more)

The UK-based Medical Protection Society (MPS) is transitioning obstetricians and gynaecologists (OGs) in Singapore from occurrence-based to claims-based medical indemnity plans, which only cover claims made during the policy period and may require additional tail cover for future claims.
Health Minister Gan Kim Yong explained that while claims-based plans typically have lower premiums, OGs face challenges in securing adequate coverage due to this change, prompting the Ministry of Health (MOH) to engage stakeholders.
MOH is actively discussing the issue with professional bodies representing OGs to address their concerns and explore measures to ensure continuous and appropriate professional indemnity coverage.

Questions identified by AI (learn more)

Withdrawal of Incidence-occurrence Medical Indemnity Plans by UK-based Medical Protection Society | PAPERCUTS

Withdrawal of Incidence-occurrence Medical Indemnity Plans by UK-based Medical Protection Society

Debated in Parliament on 10 Mar 2015.

Summary written by AI (learn more)

The UK-based Medical Protection Society (MPS) is transitioning obstetricians and gynaecologists (OGs) in Singapore from occurrence-based to claims-based medical indemnity plans, which only cover claims made during the policy period and may require additional tail cover for future claims.
Health Minister Gan Kim Yong explained that while claims-based plans typically have lower premiums, OGs face challenges in securing adequate coverage due to this change, prompting the Ministry of Health (MOH) to engage stakeholders.
MOH is actively discussing the issue with professional bodies representing OGs to address their concerns and explore measures to ensure continuous and appropriate professional indemnity coverage.

Questions identified by AI (learn more)

Full Transcript

Sitoh Yih Pin

Gan Kim Yong

MOH is looking into this matter and is in discussion with the stakeholders representing the obstetricians and gynaecologists to address their concerns.

Page: 168

Summary written by AI (learn more)

The UK-based Medical Protection Society (MPS) is transitioning obstetricians and gynaecologists (OGs) in Singapore from occurrence-based to claims-based medical indemnity plans, which only cover claims made during the policy period and may require additional tail cover for future claims.
Health Minister Gan Kim Yong explained that while claims-based plans typically have lower premiums, OGs face challenges in securing adequate coverage due to this change, prompting the Ministry of Health (MOH) to engage stakeholders.
MOH is actively discussing the issue with professional bodies representing OGs to address their concerns and explore measures to ensure continuous and appropriate professional indemnity coverage.

Questions identified by AI (learn more)

Withdrawal of Incidence-occurrence Medical Indemnity Plans by UK-based Medical Protection Society

Summary

Questions Identified

Full Transcript

Sitoh Yih Pin

Gan Kim Yong

Summary

Questions Identified

Withdrawal of Incidence-occurrence Medical Indemnity Plans by UK-based Medical Protection Society

Summary

Questions Identified

Full Transcript

Sitoh Yih Pin

Gan Kim Yong

Summary

Questions Identified