Non-life insurer earned a 'AA+(idn)' National IFS rating as Fitch cited stronger profitability, adequate capitalisation, and majority ownership by South Korea's Hanwha Life Insurance.
Marine hull premiums rose by double digits across both onshore and offshore business, with offshore underwriting profits seeing a 167% rise, as claims fell.
Insurance support assists the maritime industry's search for viable low-emission fuel alternatives to meet shipping's environmental and sustainability goals.
