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Financial Performance tag returned 1885 results

  • Higher ESG ratings lead to improved underwriting

    Higher ESG ratings lead to better underwriting performance in insurance industry according to a new joint study published by insurance broker Howden and specialty insurance and (re)insurance business Fidelis.

    Asia Risk | 07 Dec 2022
  • Sumitomo Life's declining solvency ratio under scrutiny

    S&P has placed Sumitomo Life's issue ratings on CreditWatch with negative implication, which implies a possible downgrade if the insurer's declining solvency ratio continues to worsen. S&P said this reflects a rising possibility of deferral of interest payments on subordinated notes. This deferral will be triggered by the insurer booking a regulatory solvency margin of less than 200%.

    AIRPlus | 06 Dec 2022
  • Singapore: Merger of subsidiaries in Singlife group expected to improve services

    The operations of Singapore Life (SL) and Singlife Financial (SF), when consolidated, are expected to provide a comprehensive range of products and better quality of service to the market, combining SL's established product expertise with SF's innovative and digitally focused capabilities, says Fitch Ratings.

    Asia | 06 Dec 2022
  • South Korea: Govt policy-driven insurer turns in adequate operating performance

    NongHyup Property and Casualty Insurance Company (NH P&C) has posted an adequate operating performance, with a weighted five-year average operating ratio of 97.4% (2017-2021) and a return-on-equity ratio of 4.4%, notes AM Best.

    Asia | 06 Dec 2022
  • Turkiye: Traffic insurance losses mount in first 9 months

    The Insurance Association of Turkiye has announced that the insurance sector posted total profits of TRY6.115bn ($328.2m) in the third quarter of the year.

    Middle East | 05 Dec 2022
  • Marine insurers enjoy another positive year of growth

    Global marine insurance premiums in 2021 reached $33bn, up 6.4% on 2020, according to the International Union of Marine Insurers' (IUMI) latest stats report. Premiums have been lifted by increased global trade volumes, a stronger US dollar, increased offshore activity, higher vessel values and a reaction to deteriorating results in previous years. Insurers in Europe and Asia, in particular, saw premium growth.

    AIRPlus | 05 Dec 2022
  • Hong Kong: Moody's upgrades FWD Limited's ratings

    Moody's Investors Service has upgraded the issuer rating and senior unsecured debt rating of pan-Asia insurer FWD Limited to 'Baa2' from 'Baa3', as well as the rating of the company's subordinated perpetual capital securities to 'Ba1(hyb)' from 'Ba2(hyb)'. Moody's has also changed the outlook on FWD Limited to 'Stable' from 'Positive'.

    Asia | 05 Dec 2022
  • South Korea: Meritz Fire & Marine's credit ratings upgraded on strong profitability

    Meritz Fire & Marine Insurance has posted strong profitability in recent years, supported by consistently superior investment performance and improved underwriting performance, notes AM Best.

    Asia | 05 Dec 2022
  • Mainland Chinese new life business in HK continues to recover

    New life business premiums derived from mainland China visitors to Hong Kong were HK$1bn [$128.5m] (increased by 110.9%) for the first nine months of this year, according to statistics released by the Hong Kong Insurance Authority.

    China | 02 Dec 2022
  • Indonesia: Reinsurer aims to limit exposure to credit business

    Tugu Reasuransi Indonesia's (Tugure) aims to improve underwriting performance by limiting its exposure to credit insurance through curtailing the claim ratio, says Fitch Ratings Indonesia.

    Asia | 02 Dec 2022

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