Medical malpractice insurance in Singapore to jump by 40% in 2021, says report

Driving the demand are residents aged over 65.

The demand for medical malpractice insurance by senior healthcare organisations are expected to skyrocket in Singapore over the next five year.

According to a report by AIG, driving the demand is the number of residents aged over 65, which is expected to double from 440,000 to 900,000 in 2030.

The report added that these factors are putting the entire healthcare system under pressure, and can potentially increase the risk of medical errors.

“Similarly, the take-up rate for malpractice insurance for general healthcare institutions is projected to increase by 25 per cent in the next five years,” the report said.