AM Best credits KB Insurance Co.'s improved underwriting profitability and robust operational performance as key factors behind reaffirming its A (Excellent) Financial Strength and "a" Long-Term Issuer...
AM Best upgrades ERGO Insurance's credit ratings to A+ (Superior), noting the important role in parent company Munich Re's Southeast Asia growth strategy.
The deal would be the largest foreign investment in India’s insurance sector and follows regulatory changes in 2021 which made foreign ownership possible in the space.
The Insurance Regulatory and Development Authority of India (IRDAI) is mandating a revised CIS for all insurers, aimed at simplifying policy details and enhancing transparency for insureds.
Ratings affirmed for MSFC, who have a five-year average combined ratio of 55.6% and strong support from its ultimate parent company MS&AD Insurance Group Holdings.
The IRDAI is enforcing the removal of the arbitration clause for General Insurance retail lines, while prescribing the specific clause to be used for GI commercial lines.
