Licence of Sri Lanka’s Co-operative Insurance suspended, Fitch downgrades againApril 27 2023 by InsuranceAsia News Staff
Tokio Marine Indonesia’s 2022 COR at 84%: AM Best
- June 9
The credit rating agency has affirmed an A- (excellent) rating with a stable outlook for the Indonesian carrier.
Hyundai Marine to benefit from transition to IFRS 17: AM Best
- June 9
The carrier was facing 'considerable pressure' on its capital position in FY 2022 due to valuation losses, which can now be reduced.
Sri Lankan insurers’ profits to be hit by inflation, currency devaluation: Fitch
- June 8
Underwriting profit for P&C insurers to be squeezed by rising motor spare-part costs, while sparse foreign-currency liquidity is hampering firms.
Petronas’ captive could see further stress ahead, outlook negative: AM Best
- June 5
Outlook for Energas Insurance, which had a COR of 106% for FY 2022, has been downgraded to negative by the rating agency.
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