AM Best affirms KBFG Insurance China’s ratings amid claims volatility

Significant 2023 fire loss had minimal impact on underwriting result, but solvency position affected due to higher reinsurance credit exposure.

Editorial team

March 15, 2024

•

3 min read

MEMBERS ONLY

Continue reading with a free account.

Get access to in-depth analysis, breaking news, and exclusive features across APAC insurance.

• Free daily briefing in your inbox each morning

• 7-day trial of premium intelligence

• No credit card required

Existing user?

Sign in here

Read next

singapore-direct-gi-remains-flat-in-q1-as-domestic-claims-ease-but-offshore-earnings-fall

Singapore GI market flat in Q1 2026 as claims fall and underwriting results hold steady

June 5 2026

Direct premiums slipped 0.4%, with onshore credit, aviation hull leading premium growth, while offshore property and cargo dragged.

hong-kong-ia-spotlights-intermediary-conduct-as-2025-complaints-climb-19-9

Resolution Life signs three new asset-intensive reinsurance deals across Hong Kong, Japan

June 4 2026

Reinsurer has completed two in-force reinsurance deals covering participating whole-of-life portfolios in Hong Kong and one reinsurance agreement in Japan.

japans-paypay-to-acquire-70-2-stake-in-td-financial-life-for-us840-2m

Softbank's PayPay to acquire 70% stake in T&D Financial Life for US$840m

June 4 2026

The transaction would give PayPay a direct foothold in Japan’s life sector and create new cross-selling options with its existing customer base.

OIC cuts Thai insurance growth outlook as Middle East conflict raises costs

June 4 2026

The regulator pointed to higher claims costs, tighter reinsurance appetite and pressure on trade-exposed lines as external volatility feeds into the sector.