The new standard would require insurers to sell products at prices that match pricing and expense assumptions filed with regulators, but exclude specified lines such as motor and agriculture.
Typhoon caused deaths, injuries, and widespread damage in Taiwan and China, with insured losses expected across agriculture, infrastructure, and motor lines.
Fitch affirmed the Chinese insurer’s ratings, highlighting how the company’s strategic shift away from motor and property lines has reshaped its risk profile.
