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Raffles Medical eyes expansion on insurance front as medical tourism prospects stay weak

PC Lee
PC Lee8/7/2018 01:08 PM GMT+08  • 2 min read
Raffles Medical eyes expansion on insurance front as medical tourism prospects stay weak
SINGAPORE (Aug 7): Raffles Medical Group recently obtained regulatory approvals to enter into the Integrated Shield market, officially launching Raffles Shield, on Aug 1.
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SINGAPORE (Aug 7): Raffles Medical Group recently obtained regulatory approvals to enter into the Integrated Shield market, officially launching Raffles Shield, on Aug 1.

“We understand from management that interest for this product is healthy, and it is possible to expect incremental revenue of $10–12.5 million per annum as a result of this,” says OCBC analyst Joseph Ng in a Tuesday report.

On a long-term basis, net margins are expected to be about 5%, while that of the larger insurance business (Raffles Health Insurance) is about 3-4%.

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