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
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
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.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
