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Fitch Ratings has revised the outlook on Taiwan Life Insurance's Insurer Financial Strength (IFS) Rating to 'Positive' from 'Stable', to reflect the global credit rating agency's expectation Taiwan Life will sustain the improvement in its operating results and a sound capital buffer in light of its
Fitch has downgraded Sri Lanka Insurance Corporation Limited's (SLIC) insurer Financial Strength (IFS) Rating to 'CC', from 'CCC+', and has placed the rating on watch for downgrade due to risk from forex shortages from a broken soft-peg.
The non-life combined ratio of Reasuransi Indonesia Utama (Indonesia Re) increased to 107.5% in 2021 (2020 audited: 104%) due to higher claims from its fire, health, credit life, and credit insurance businesses and a reserve top-up, while premiums declined, notes Fitch Ratings Indonesia.
The outlook on New China Insurance (NCI) Insurer Financial Strength (IFS) Rating is revised to 'Stable' from 'Negative', says Fitch Ratings which affirms the company's IFS Rating at 'A' (Strong). The revision of the outlook reflects Fitch's expectation that NCI will sustain its favourable operating results and sound solvency buffer in the near term in light of its asset-management strategy and product mix. Fitch says, “Our expectations for NCI are more positive than the pro forma results implied by our 2020 pandemic stress-test analysis, which was the basis for the 'Negative' outlook previo...