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Financial results of Medishield integrated plans - 2018
24 May 2021 (831 views)

Here are the financial results of the Medishield integrated plans for 2018, based on the returns submitted by the top 5 insurers to the Monetary Authority of Singapore. 

Based on the total figures, the claim represents 76.12% of the premium, management expenses 6.87%, commission 8.06% and the operating result 1.51%. The ratios for the individual insurers vary somewhat from these average ratios.

It would appear from these figures that the insurers are making only a small margin on the business and the commission and management expenses represent 15% of the premium.

The premium for the integrated plans have been increased in recent years due to the inability of the insurers to control the escalation of claims from the hospitals and doctors.


Financial results of Medishield integrated plans - 2018
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Here are the financial results of the Medishield integrated plans for 2018, based on the returns submitted by the top 5 insurers to the Monetary Authority of Singapore. 

Based on the total figures, the claim represents 76.12% of the premium, management expenses 6.87%, commission 8.06% and the operating result 1.51%. The ratios for the individual insurers vary somewhat from these average ratios.

It would appear from these figures that the insurers are making only a small margin on the business and the commission and management expenses represent 15% of the premium.

The premium for the integrated plans have been increased in recent years due to the inability of the insurers to control the escalation of claims from the hospitals and doctors.