慕尼黑再保险新加坡危疾业务快速变化的格局

SINGAPORE ACTUARIAL CONFERENCE 202426 –29 August 2024Avoid filling this space with text, will not be seen by audienceEvolution of Critical Illness (CI) Products in SingaporeAugust 2024SINGAPORE ACTUARIAL CONFERENCE 202426 –29 August 2024Agenda201020304BackgroundPricing complexityStatus quo and future developmentsConclusionsSINGAPORE ACTUARIAL CONFERENCE 202426 –29 August 2024BackgroundSINGAPORE ACTUARIAL CONFERENCE 202426 –29 August 2024A journey through time42003: Introduction of first standardiseddefinitions by the LIA2014: -Changes in definitions were made to ensure that the definitions are up to date with advancement in medical technology and diagnosis, as well as to address definitions that presented issues due to lack of clarity-Removal of maximum number of CI conditions2020: Further revisions in definition and removal of angioplasty per claim limitFurther update on the definition is expected to be effective no later than July 1, 20251980s: Basic CI covers introduced in Singapore