Medical Practitioners Indemnity
a fresh service experience
a value added approach to insurance
competitive and stable premiums
MEDEFEND
To bring our members…
a fresh service experience a value added approach to insurance competitive and stable premiums INTRODUCTION
We are delighted to launch a new insurance scheme to protect practitioners against medical negligence claims in Singapore. Medical malpractice insurance is increasingly important to protect against both awards and legal costs arising from actual or alleged claims of negligence in the course of your practice.
MEDEFEND is designed to meet the long term and changing needs of doctors and medical specialists in Singapore. The product is co-insured by a consortium of international insurers.
MEDEFEND is more than just an insurance product, it's also a service. When you purchase MEDEFEND cover you also have access to some of the best medical malpractice protection and medico-legal advice available in Singapore today.
Marsh Specialty, with vast experience in managing professional indemnity insurance schemes will strive to ensure that members’ interest will be its utmost priority. A dedicated team that manages the scheme will ensure that claims and notifications will be handled competently and professionally. It is the intention of Marsh Specialty to bring its members a fresh, value added approach to insurance whilst maintaining competitive yet stable premium.
Benefits of MEDEFEND
Loss and legal representation costs for claims of medical negligence
Online policy management portal
Full retroactive cover (excluding the periods where you were previously covered under an ‘Occurrence Based’ indemnity protection)
Legal representation costs in the event of a disciplinary enquiry
Free life-time run off cover for retired doctors (subject to notification to Marsh Specialty)
Cover for use of locums at no additional cost (subject to notification to Marsh Specialty)
Cover for loss of medical records
and defamation
Clear and consistent policy language
Experienced scheme manager
Access to an expert panel of lawyers
Risk management resources and website including newsletters, seminars and workshops
Dedicated claims advisory staff
Product Brochure
About Marsh
Marsh is a global leader in insurance broking and innovative risk management solutions. In more than 130 countries, our experts help clients to anticipate, quantify, and more fully understand the range of risks they face. In today’s increasingly uncertain global business environment, Marsh helps clients to thrive and survive.
We work with clients of all sizes to define, design, and deliver innovative solutions to better quantify and manage risk. To every client interaction, we bring a powerful combination of deep intellectual capital, industry-specific expertise, global experience, and collaboration. We offer risk management, risk consulting, insurance broking, alternative risk financing, and insurance programme management services.
Since 1871, clients have relied on Marsh for trusted advice, to represent their interests in the marketplace, make sense of an increasingly complex world, and help turn risks into new opportunities for growth. Our more than 35,000 colleagues work on behalf of our clients, who are enterprises of all sizes in every industry, and include businesses, government entities, multinational organisations, and individuals around the world.
Marsh is a business of
Marsh McLennan Companies (NYSE: MMC), the leading global professional services firm in the areas of risk, strategy and people. With annual revenue approaching US$17 billion and 76,000 colleagues worldwide, MMC helps clients navigate an increasingly dynamic and complex environment through four market-leading businesses:
Marsh ,
Guy Carpenter ,
Mercer, and
Oliver Wyman.
On April 1, 2019, Marsh McLennan Companies, Inc. completed the acquisition of Jardine Lloyd Thompson Group plc, furthering its role as the world's preeminent professional services firm in the areas of risk, strategy, and people. With this acquisition, we aim to provide our combined clientele with greater talent, deeper risk expertise, and specialty capabilities.
In Singapore, to streamline the business processes, we have brought the two teams together as one combined organization under Marsh (Singapore) Pte Ltd, by means of a Business Transfer which begins on April 1, 2020. As we combine the strength and expertise of Marsh and JLT as one company, we pledge our continued commitment to enable your success and deliver the benefits to you.
The Insurers
Allied World Assurance Company Holdings, AG, through its subsidiaries and brand known as Allied World, is a global provider of innovative property, casualty and specialty insurance and reinsurance solutions. Allied World offers superior client service through a global network of offices and branches. All of Allied World's rated insurance and reinsurance subsidiaries are rated A by A.M. Best Company, A by Standard & Poor's, and A2 by Moody's, and our Lloyd's Syndicate 2232 is rated A+ by Standard & Poor's and AA- by Fitch.
For more information about the company, please visit
http://www.awac.com/
Chubb is the world’s largest publicly traded property and casualty insurer. Chubb Insurance Singapore Limited, via acquisitions by its predecessor companies, has been present in Singapore since 1948. Chubb in Singapore provides risk management and underwriting expertise for all major classes of general insurance, including Property & Casualty, Marine, Liability, Financial Lines and Group Personal Accident insurance. As one of the leading providers of Accident & Health insurance through direct marketing, the company partners with financial institutions and other companies to tailor individual policies for their clients and employees. In addition, it offers a suite of customised Personal & Specialty insurance solutions to meet the needs of consumers. Over the years, Chubb in Singapore has established strong client relationships by offering responsive service, developing innovative products and providing market leadership built on financial strength.
For more information about the company, please visit
https://www2.chubb.com/sg-en/
