While Hong Kong insurers are expected to weather China’s crackdown with little direct impact, the ratings agency said stricter controls on capital outflows could pressure premium growth prospects.
The Shandong government-backed insurer expects its operating results to improve further over the next two years on disciplined underwriting and a conservative investment strategy.
AM Best assigned the single-parent captive an A- Financial Strength Rating and "a-" Long-Term Issuer Credit Rating, citing a balance sheet strength assessed as "very strong".
The Bangkok-based non-life reinsurer earns an aa+.TH national scale rating, though AM Best flagged exposure to heightened credit and liquidity risks from holdings in a sanctioned country.
Low interest rates, currency swings and capital pressures continue to strain both markets, with global non-life insurers maintained at a 'neutral' outlook despite geopolitical risk.
