Covid-19 to sustain “adverse” market effects
September 23 2020 by InsuranceAsia News
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AM Best removes Fubon Insurance from “under review” on recovery from Covid-19 losses
- February 6
The rating agency has removed the carrier from "under review with negative implications", but assigned "negative" outlook due to its exposure to reinsurer credit risk.
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Vietnam’s PTI sees rising loss ratio on health and motor lines: AM Best
- January 26
AM Best has affirmed an insurer rating of B++ (good) for the company with a negative outlook due to its recent capital erosion.
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Thailand’s insurance sector to grow to US$28.18bn by 2026: OIC
- January 18
This would mean a 'significant jump' for the sector from the present US$25.3bn GWP as the industry is recovering from Covid-19 claims.
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Tune Protect Re’s balance sheet strong, operating performance to improve post Covid-19: AM Best
- December 8
The rating agency has revised the outlook of travel-focused Malaysian carrier Tune Protect Re to positive from stable and affirmed the financial strength rating of B++ (good).
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As climate disclosure becomes mandatory and new risks emerge from natural hazards, understanding the tools that are available to build resilience is more important than ever.
