Some tough spots ahead for LPI Capital

KUALA LUMPUR: Kenanga Research said LPI Capital Bhd could face headwinds as the insurance claims ratio is expected to rise to pre-pandemic levels amid increasing activity during the country's endemic phase.

In a note, the research firm said motor claims are expected to increase with the resumption of economic activity, prompting a reduction in its earnings projections for LPI for FY22 and FY23.