Accident and health, Hong Kong's largest non-life segment, posted its first underwriting profit in five years, though medical inflation remains a key headwind.
Ahead of its SIRC briefing, the rating agency says softer renewals underpin stable outlooks, but underwriting discipline, geopolitical repricing and balance-sheet resilience will shape credit views into...
Both agencies said the benefit will hinge on how the five state-owned (re)insurance groups deploy the money, with heavier equity investment raising asset risk.
International reinsurers will take a significant share of what is covered, with hydropower plants, engineering projects and commercial property along the China trade corridor driving most claims.
Life insurance growth remained subdued in H1, while health and non-motor business supported gains in the non-life sector amid sweeping regulatory changes.
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