News, Non-life, Ratings, Ratings outlook affirmation

Strong capital, ROE underpin Fitch’s affirmed IFS rating for Fidelidade Macau amid rising COR

The non-life insurer achieved a 69% combined ratio in 2024, though Fitch expects this to rise above 80% this year.

Nica Hanopol

November 13, 2025

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3 min read

New Standards.New Stage.Real Recognition. Entries Closing Soon. Apply now → Entries close
25 September

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Market conditions continue to evolve as businesses review their priorities and plans for growth. The pace of change varies across the region, with local factors shaping how organisations respond.

Attention is turning to the balance between near-term opportunities and longer-term objectives. Decisions made today will help determine how businesses adapt as conditions develop.

While the outlook remains varied, the broader direction reflects a market adjusting to new demands. The implications will become clearer over time as plans move into practice.

New Standards.New Stage.Real Recognition. Entries Closing Soon. Apply now → Entries close
25 September