Claims and losses, Guarantee insurance, Non-life, Ratings, Ratings affirmation, Specialty, Underwriting/Actuarial

Seoul Guarantee Insurance’s underwriting profitability weakens as Fitch affirms rating

SGI's combined ratio averaged 89% between 2023 and 1H2026, with underwriting performance expected to normalise as the insurer tightens its underwriting rules and reduces high-risk exposure.

Gisella Lobo

November 11, 2026

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3 min read

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