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

New: Gift this subscriber-only story to your friends and family

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.

Already a subscriber? 

Dive deeper at $0.99/month

Want more exclusives, sharp insights into what's happening at home and abroad? Subscribe to stay informed.

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • 2-week e-paper archive so you never miss out on any topic that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.

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