Insurer's net loss of HK$31m (US$3.96m) in 2025 comes after a profit in 2024, and a recent shift in business mix should help reduce loss exposure, says the ratings agency.
As rising claims and mental health risks put pressure on disability insurance, APRA and ASIC are pushing insurers to improve product designs and sustainability.
The insurer had refined its underwriting strategy to improve profitability while expanding its accident and health and commercial liability businesses, according to the ratings agency.
The reinsurer said the virus lacks the aggregation and systemic exposure characteristics associated with COVID-19 and other widespread respiratory outbreaks.
The Australian regulator highlights emerging conduct, accountability and governance challenges as insurers expand AI use and distribution through digital platforms.
