Global health care cost blamed
by Dionisia Tabureguci
Health insurance service provider, FijiCare Insurance Limited (FIL), maintained a declining trend of net profits despite a slight improvement in its trading figures and a steady dollar value to incurred claims.
Last month, FijiCare directors released the company's annual report, which showed the company's after-tax profit figure of F$182, 099 for the financial year ended December 31, 2004, a 27 percent drop compared to the same period in 2003.
Apart from factoring in the results of the company's new Medical Centre, which did not do too well in its first year, the low figures were attributed to external factors rather than bad business in a highly competitive local insurance market.
by Dionisia Tabureguci
Health insurance service provider, FijiCare Insurance Limited (FIL), maintained a declining trend of net profits despite a slight improvement in its trading figures and a steady dollar value to incurred claims.
Last month, FijiCare directors released the company's annual report, which showed the company's after-tax profit figure of F$182, 099 for the financial year ended December 31, 2004, a 27 percent drop compared to the same period in 2003.
Apart from factoring in the results of the company's new Medical Centre, which did not do too well in its first year, the low figures were attributed to external factors rather than bad business in a highly competitive local insurance market.
