Despite the phased liberalisation of motor and fire pricing, AM Best notes that Lonpac’s robust capitalisation and stable performance continue to underpin its ratings.
The general insurance sector recorded a 13.2% year-on-year increase in premiums for September, driven predominantly by a 294% surge at the Agriculture Insurance Company of India.
The rating agency affirmed Taiwan's second-largest non-life insurer at A with a stable outlook, noting that its motor portfolio continues to support underwriting margins.
