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Insurers’ Shield portfolios mostly in the black; premiums of private hospital riders rise

Claims costs are rising as policyholders resume non-critical procedures

Genevieve Cua

Genevieve Cua

Published Mon, Jul 31, 2023 · 06:00 AM
    • As the Covid crisis abated last year, claims costs have risen for insurers with Integrated Shield plans, exacerbated by medical and expense inflation.
    • As the Covid crisis abated last year, claims costs have risen for insurers with Integrated Shield plans, exacerbated by medical and expense inflation. PHOTO: PIXABAY

    POLICYHOLDERS of Integrated Shield (IP) plans can heave a sigh of relief – underwriting results of IP insurers’ portfolios are mostly in the black in 2022.

    Insurers, however, are watchful.

    IP results for 2022 are partially distorted by Covid conditions early in the year, which dampened claims.

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