Insurers' critical-illness portfolios healthy, but risks lurk
They say greater awareness of need for health continues to drive demand, but claims for nine of them have more than doubled from 2018-2019
Singapore
ALTHOUGH four out of nine life insurers' critical illness (CI) portfolios reflected an underwriting loss before net investment income in 2019, the outlook for the CI business is still positive as greater awareness of the need for health continues to drive demand.
After taking into account investment income, two insurers - Great Eastern life and Manulife - incurred an operating loss on long term CI business.
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