Most Integrated Shield insurers improve underwriting results in 2019

Singapore

THE majority of insurers offering private Integrated Shield plans (IP) improved their underwriting performance in 2019, in a clear sign that a slew of measures taken over the past couple of years to dampen claims costs is working.

Insurers, however, aren't out of the woods. Of seven IP providers, only two - Prudential and Income - are in the black in 2019. Two others reduced their losses, but three insurers saw deeper underwriting losses.