Ratings agency cited uncertainty over planned capital injections and ongoing regulatory changes as key factors in its latest review of the Indonesian insurer.
The ratings agency affirmed the insurer's A- (Excellent) Financial Strength Rating and “a-” (Excellent) Long-Term Issuer Credit Rating, with a stable outlook.
Improved new business margins and rise in new business value underpinned Fitch’s decision to affirm the ratings of Great Eastern Holdings’ core insurance subsidiaries.
Local life insurers are leaning on overseas acquisitions to offset a shrinking domestic population, even as the agency says capital buffers should stay resilient.
