, APAC
Photo from Pixabay

APAC’s biggest insurers show strong capitalisation: Fitch Ratings

They also meet the regulatory solvency and financial leverage criteria for high ratings.

Major life insurers in Asia-Pacific (APAC) have exhibited robust capitalisation and leverage, Fitch Ratings reported. 

China Life has relatively lower capitalization due to increased asset risk according to the Fitch Prism Model.

These insurers are known for their well-established brands, marked by leading franchises, strong market positions, extensive operations, diversified product portfolios, and broad geographic coverage. This solid brand recognition ensures a consistent flow of new business.

ALSO READ: APAC reinsurers’ capital stays robust, retro cost could drive underwriting volatility

They also meet regulatory solvency and financial leverage criteria for 'A' and 'AA' ratings in Fitch's insurance standards.

Furthermore, the peer group consistently demonstrates 'Very Strong' financial performance, benefiting from sustainable profitability. 

They maintain substantial in-force books of business with a long track record of success, with the exception of FWDGHL, which has a relatively shorter operating history. 

Despite this, these insurers maintain resilient and profitable operations. Their new business value margins tend to remain stable and favourable compared to smaller domestic firms.

 

Follow the link for more news on

Join Insurance Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!