According to the General Insurance Association of Malaysia, the medical and health insurance segment has been reporting underwriting losses for several years now.
Thailand's health insurers plan to address rising costs by tightening medical price controls, enhancing digital claims, and enforcing itemised billing.
The committee’s work builds on existing reforms and aims to create a more transparent, affordable, and value-driven private healthcare system in Malaysia.
Industry leaders call for greater transparency, enhanced claims oversight, and expanded preventive care, as rising medical costs drive up policyholders’ premiums and insurers’ loss ratios.