Fitch affirms ABCI Insurance’s IFS ratings despite jump in combined ratio

COR increased to 103% in 2023 due primarily to rise in motor loss ratio, but support of Agricultural Bank of China and strong capital position underscore ratings affirmation.

Editorial team

September 20, 2024

•

2 min read

MEMBERS ONLY

Continue reading with a free account.

Get access to in-depth analysis, breaking news, and exclusive features across APAC insurance.

• Free daily briefing in your inbox each morning

• 7-day trial of premium intelligence

• No credit card required

Existing user?

Sign in here

Read next

singapore-direct-gi-remains-flat-in-q1-as-domestic-claims-ease-but-offshore-earnings-fall

Singapore GI market flat in Q1 2026 as claims fall and underwriting results hold steady

June 5 2026

Direct premiums slipped 0.4%, with onshore credit, aviation hull leading premium growth, while offshore property and cargo dragged.

hong-kong-ia-spotlights-intermediary-conduct-as-2025-complaints-climb-19-9

Resolution Life signs three new asset-intensive reinsurance deals across Hong Kong, Japan

June 4 2026

Reinsurer has completed two in-force reinsurance deals covering participating whole-of-life portfolios in Hong Kong and one reinsurance agreement in Japan.

japans-paypay-to-acquire-70-2-stake-in-td-financial-life-for-us840-2m

Softbank's PayPay to acquire 70% stake in T&D Financial Life for US$840m

June 4 2026

The transaction would give PayPay a direct foothold in Japan’s life sector and create new cross-selling options with its existing customer base.

OIC cuts Thai insurance growth outlook as Middle East conflict raises costs

June 4 2026

The regulator pointed to higher claims costs, tighter reinsurance appetite and pressure on trade-exposed lines as external volatility feeds into the sector.