Apply to be a work injury compensation designated insurer

You must apply to be a work injury compensation (WIC) designated insurer to issue WICA 2019 insurance policies and to process claims.

You can apply to be a WIC designated insurer for employers or platform operators (PO).

At a glance

Who can apply	Licensed insurers under the Insurance Act (Cap. 142) Company representative
How much it costs	Application fee: $200. If you are applying to be a WIC designated insurer for employers and PO, you need to pay two sets of application fees. Fees are non-refundable, regardless of the outcome of your application. After approval, pay an annual designation fee. If you are a WIC designated insurer for employers and PO, you need to pay two sets of designation fees. (Optional) link your system to Data Exchange Platform with one-time fee: Set up SFTP or API: $3,700 Set up both SFTP and API: $7,400
How long it takes	Up to 2 weeks
What you will get	WIC designated insurer certificate
Requirements for compliance	Conditions for WIC designated insurer
Validity	3 years

Any licensed insurer that wants to issue MOM-approved WICA 2019 insurance policies must first be designated by MOM.

You must meet the following requirements:

Be registered with the Accounting and Corporate Regulatory Authority (ACRA).
Be an MAS approved insurer.
Undertake to accept and comply with MOM’s conditions for WIC designated insurer.
Must not have adverse records or be under investigation with authorities (e.g. MOM or other agencies).

To apply to be a WIC designated insurer:

Download and print the conditions for WIC designated insurer.
Get endorsement to adhere and abide by the Conditions. Your company’s Chief Executive Officer (or equivalent) must sign on the printed copy of the Conditions.
Convert the signed copy of the Conditions to PDF.
Attach the scanned PDF copy of the Conditions.
You will receive an email with instructions to pay the application fee ($200) online. We will only process your application upon payment.
You will receive an email on the outcome of your application within 2 weeks of payment.