Agriculture, Non-life, Ratings, Ratings affirmation, Specialty

NongHyup P&C sees capital rise under IFRS 17, but underwriting hit by large claims in 2023: AM Best

Korean insurer's ratings affirmed, with future underwriting performance supported by CSM base, though its capital is more exposed to volatility than domestic peers.

Editorial team

November 26, 2024

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3 min read

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The Inaugural Recognising excellence in Asia's insurance industry Find out more → Entries close
28 August

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NongHyup P&C sees capital rise under IFRS 17, but underwriting hit by large claims in 2023: AM Best