Saturday, August 31, 2013

Motor accident claims involving cyclists double

AIG Asia Pacific Insurance Pte Ltd (AIG), one of Singapore’s leading general insurance providers, said in a press release that motor accident insurance claims received by AIG which involved cyclists doubled from 2010 to 2012.

According to AIG claims, the number of bodily injury insurance claims made by cyclists doubled in the two years.

AIG Singapore, Vice President, Ms Wong Siew Lee, who heads the auto insurance business, said: “We’ve seen a significant increase in bodily injury claims involving motorists and cyclists over the past year.”

According to Ms Wong, AIG has seen an average annual increase of 11 percent over the past
five years in terms of bodily injury claims overall. “This is a rising trend which road users need to be aware of. We encourage everyone to take extra care on the roads,” Ms Wong said.

“With the rise in accidents involving cyclists, it is very important for motorists to ensure their insurance is up-to-date and comprehensive. Whatever the mode of transport, everyone has a right and a responsibility to be safe on the road,” said Ms Wong.

As one of Singapore’s leading general insurance providers, AIG is a strong advocate for safe and responsible road use. In the effort to increase road safety awareness AIG is hosting the inaugural AIG DriveSafe Challenge which will be held on September 7, 2013.

Cycling in Singapore has grown in popularity in recent years, both as a sport and as a mode of transport for commuters. The rise in cyclists appears to coincide with the increase in accidents. In the first half of 2013, the number of cyclist-related motor accidents exceeded the total for 2012 by 30 percent.

AIG provides motor insurance for new and pre-owned vehicles through a distribution network of auto dealerships and insurance agents.

For more information about motor insurance, please log on to

American International Group, Inc. (AIG) is a leading international insurance organization 
serving customers in more than 130 countries. AIG companies serve commercial, 
institutional, and individual customers through one of the most extensive worldwide 
property-casualty networks of any insurer. In addition, AIG companies are leading providers 
of life insurance and retirement services in the United States. AIG common stock is listed on 
the New York Stock Exchange and the Tokyo Stock Exchange.



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