Reih Angeles is Deputy News Editor at (Re)in Asia, steering the desk's breaking coverage of Asia Pacific insurance and reinsurance. Areas of specialty include insurer and life results, reinsurance and catastrophe losses, cyber, and regulatory change across India, Korea, China and Hong Kong.
The ratings agency affirmed the insurer's A- (Excellent) Financial Strength Rating and “a-” (Excellent) Long-Term Issuer Credit Rating, with a stable outlook.
The updated figure is built from high-resolution postcode loss data across property and motor hull lines, and includes maximum estimated hail size at postcode level.
Day procedures and higher-end outpatient care were flagged as key drivers, with the study also pointing to panel providers and group plans as potential cost moderators.
