Premiums tipped to rise after Integrated Shield Plan insurers saw their losses widen in 2017

Insurance premiums on Integrated Shield Plans may rise further after all six companies offering such plans reported underwriting losses in 2017.
Insurance premiums on Integrated Shield Plans may rise further after all six companies offering such plans reported underwriting losses in 2017.PHOTO: LIANHE ZAOBAO

SINGAPORE - There is a strong possibility that premiums on Integrated Shield Plans could rise further, with the six insurers offering such plans suffering underwriting losses in 2017 - 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.

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