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IP insurers' losses raise possibility of premium hikes
It is their second straight year in the red, despite most raising premiums last year
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Insurance premiums on Integrated Shield Plans may rise further after all six companies offering such plans reported underwriting losses in 2017.
PHOTO: LIANHE ZAOBAO
Claire Huang
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There is a strong possibility that premiums for Integrated Shield Plans (IPs) could rise further, with the six insurers offering such plans suffering underwriting losses last year - their second straight year in the red.
The losses came despite most insurers raising their premiums last year, with the biggest hikes falling on private hospital plans and riders.
