The Japanese insurer has told the Financial Services Agency that it has ended practices that risked distorting sales, including recruitment support for agents.
Ratings agency added that rising capital levels and stable investment income are sustaining strong capacity, driving competition, and fueling continued rate softening across APAC markets.
Fitch affirmed ABCI's ratings, but noted the Hong Kong-based insurer remains heavily dependent on reinsurance and parental backing, despite recent gains.
