Versloot Dredging: Time for Singapore to Follow the Tide?

The traditional common law position in the field of insurance has always been biased towards the insurer, where insurance doctrines have been “inflexibly applied in favour of insurance companies.” This has been noted in several instances, such as the insured’s duty of non-disclosure, the interpretation of insurance policies, and in the context of fraudulent claims. In the recent UK case of Versloot Dredging v HDI Gerling Industrie Versicherung AG (“Versloot”), however, a shift in this attitude can be observed, specifically in regard to fraudulent claims.