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More insurers to launch claims-based pricing for Integrated Shield riders

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Genevieve Cua

Genevieve Cua

Published Sun, Mar 28, 2021 · 09:50 PM

    Singapore

    MORE insurers are launching claims-based pricing for Integrated Shield (IP) riders, in an effort to shore up their underwriting results and eventually dampen future premium hikes.

    Claims-based pricing is similar to the practice of no-claim discounts in motor insurance, where motorists enjoy a discount on their car insurance renewal as long as they do not make claims.

    InsurancePrudential

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