The ratings agency said it will revisit the life insurer's credit profile once the effects of its new majority owner become clearer, amid softer earnings but solid capital strength.
The insurer says that Kan Mabara will step down from Feb 1, after an internal probe found 100 staff profited from improper schemes affecting nearly 500 clients.
The rules introduce a parallel capital test that operates separately from headline K-ICS ratios and carries its own escalation framework for supervisory action.
