Insurance News
Brief insurance news and digest for the busy executives. A handy insurance news archive with main focus on Malaysia. Disclaimer: While all attempts are made to ensure the accuracy of the news herein, we will not be liable for any loss arising from the use of any information contained in this blog. You may reproduce materials published here provided the source (news.actuaries.com.my) is properly acknowledged.
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Sunday, 15 March 2009
Medical insurance doing well despite increase in premium
The Star reported that the costs of medical insurance have increased by 30 - 40% over the last 3 years. Meanwhile Prudential said its medical claims incidence rates have increased by around 20% annually for the past 3 years.
Sales of medical insurance plans have been encouraging. According to PIAM, the growth rate has been at least 15% over the last few years. The sale registered RM485 mil gross premium in 2007, or 5% of the general insurance premium.
Source: The Star
Labels: Medical Insurance
About Me
- Name: Teh Loo Hai
- Location: Kuala Lumpur, Malaysia
Loo Hai is an actuarial recruiter cum actuarial consultant. He has over 20 years of work experience gained in Malaysia and Australia in the actuarial, insurance, takaful and pension fields.
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