The Business Times
business-time-50
MIND THE GAP
·
SUBSCRIBERS

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

Claims costs are rising as policyholders resume non-critical procedures

google-preferred-sourceAdd BT as a preferred source
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.

    Mind the GapIntegrated Shield

    TRENDING NOW

    An artist's impression of Pelican Paradise Group's township project that was designed to include a five-star convention hotel, an 18-hole championship golf course and a hospital, among others.

    Singapore developer in limbo after Timor-Leste’s shock scrapping of major township project

    Longest-serving chief minister Taib Mahmud’s legacy looms large over Sarawak as a family feud over his estate threatens to expose skeleton’s in the eastern state’s political closet.

    On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart

    China's President Xi Jinping (right) and US President Donald Trump (centre) visit the Temple of Heaven in Beijing on May 14.

    US-China summit: Trump sees ‘better’ ties, Xi warns over Taiwan, as talks conclude

    State-level minimum purchase thresholds push foreign buyers towards higher-value properties, while consent rules and other restrictions further narrow the pool of homes available to them.

    That ‘cheap’ Malaysia condo could cost Singapore buyers far more than they think

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More