Alex Kühnast, the new CRO, joined the insurer in 2024, while Ben Lovelock, now the CPMO, has been with the firm since 2023; each previously held the other's role before the transition.
The ratings agency has affirmed the South Korean insurer's IFS rating at “A+” and IDR at “A”, with subordinated debt at “A-”, all with a stable outlook.
Regulatory reforms, tax changes and digital distribution are expected to support sustained growth in India’s life insurance market, according to GlobalData.
Aviation and personal accident posted another month of outsized gains, rising 78.9% and 27.6%, while miscellaneous and fire extended last month’s fall.
