Losses in electric vehicle insurance also eased in 2025 as insurers adapted to higher claims costs with better pricing and claims controls, the ratings agency said.
Losses from hotels, retailers and vehicle dealers already exceed billions of rupees, raising concerns over insurers’ capital strength and Nepal Re’s capacity to absorb claims.
The ratings agency revised the outlook on Singapore Re’s long-term issuer credit rating to positive from stable, citing a 21.3% return on equity in 2024 and continued favourable results in the first half...
The captive's capital position strengthened in 2024 through profit retention and favourable investment gains, offsetting pressures from underwriting inefficiencies.
The rating agency said capital recovery driven by underwriting and investment gains kept Taiwanese insurer's position stable despite market volatility.
