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".
KIRI says a widening gap between driver expectations, insurer assessments, and review outcomes is driving higher dispute rates in Korea’s motor insurance market.
Industry underwriting profits jumped 34% year-on-year as property lines recovered from catastrophe losses, while cyber led premium growth and motor remained profitable.
(Re)in Summary
• NOAA has declared El Niño has developed in the tropical Pacific, issuing an El Niño Advisory on 11 June.• Forecast models give a 63% chance of a ‘very strong’ event...
