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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.
Nonghyup pc sees capital rise under ifrs 17 but underwriting hit by large claims in 2023 am best  rein asia
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