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.
Based on the existing five IP insurers' returns from 2010 to 2014, only two managed to record profits every year during that period, while business was not as brisk for the others.
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