The agency had also affirmed the insurer’s A+ financial strength rating for its key life/health subsidiaries, alongside affirming the parent’s “a-” issuer credit rating.
The collaboration will explore integrating health insights with wealth management and insurance planning for high‑net‑worth and ultra‑high‑net‑worth clients in Asia.
Under the proposed model, channels that require greater involvement in customer onboarding, advice, and ongoing servicing are expected to attract relatively higher payouts.
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.
