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High claims, costs hit integrated shield plans

Underwriting profit margin shrinks to 3.5% last year from 17.9% in 2009
Wednesday, August 6, 2014 - 06:00
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Pressure is mounting on Singapore's Integrated Shield Plan (IP) sector to find ways to remain profitable, as rising claims and substantial management and distribution costs are chomping off chunks of its underwriting profit margin - PHOTO: SPH

[SINGAPORE] Pressure is mounting on Singapore's Integrated Shield Plan (IP) sector to find ways to remain profitable, as rising claims and substantial management and distribution costs are chomping off chunks of its underwriting profit margin. Already, the five IP insurers - AIA, Aviva, Great

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