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Higher claims, new player could squeeze insurer returns on Integrated Shield Plans

Observers also say price war may occur given that penetration rate is more than 70% among those below 50

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Underwriting profits from the Integrated Shield Plan (IP) business in Singapore could narrow further amid significantly higher claims and the likely addition of a new player.

Singapore

UNDERWRITING profits from the Integrated Shield Plan (IP) business in Singapore could narrow further amid significantly higher claims and the likely addition of a new player.

Based on the existing five IP insurers' returns from 2010 to 2014, only two managed to record...

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