Resilient underwriting profits for general insurers

KUALA LUMPUR: Underwriting profits for general insurance and takaful operators (ITO) should remain resilient in the second half of the year despite the challenging environment as claims are expected to remain low.

Notably, with travel restrictions still largely in place, claims for motor insurance are expected to stay low in the near term. Likewise, medical claims should also stay low for the time being as policyholders are unlikely to seek hospital treatments unless necessary.