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Premiums tipped to rise after Integrated Shield Plan insurers saw their losses widen in 2017
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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 , Claire Huang
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.
