AM Best maintains 'Stable' outlook for non-life market, spotlighting prospects for motor and health, which are balanced by economic and underwriting challenges.
Watchdog reviewed products from 12 Hong Kong carriers, noting 40% premium differences and potential coverage gaps, while calling for more diversified products.
Deal, first announced in June, includes cover for Product & Public Liability, Compulsory Third-Party Motor, Professional Risks, and Workers’ Compensation portfolio.