AXA Singapore staff queried on contracts with 2 taxi operators

Firm has a three-year contract with ComfortDelGro and is also insurer for Trans-Cab's vehicles

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Some employees of AXA Singapore were asked by the authorities to provide information on two motor insurance contracts that the insurer had signed with taxi operators ComfortDelGro and Trans-Cab.

The Straits Times understands that the Monetary Authority of Singapore (MAS) was alerted to a potential accounting-related issue and both contracts were flagged to the regulator.

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A version of this article appeared in the print edition of The Straits Times on May 14, 2022, with the headline AXA Singapore staff queried on contracts with 2 taxi operators. Subscribe