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Emerging risks | Growth Opportunities | APAC Insurance

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Tuesday, September 29, 2026

Construction Guarantee

City construction site with cranes and dug earth, overlaid by colorful data graphs.
Rising guarantee claims keep Construction Guarantee's COR above 100% as AM Best affirms rating
July 28 2026
The ratings agency expects a lag before the cooperative's guarantee business returns to past profitability, even if construction activity recovers.
fitch-upgrades-construction-guarantee-to-a-amid-stronger-policy-role-and-solid-capital-base
Fitch upgrades Construction Guarantee to ‘A+’ amid stronger policy role and solid capital base
October 20 2025
The Korean cooperative’s regulatory capital ratio rose to 231.6% at end-2024, while its return on equity fell to 0.3% amid elevated guarantee claims.
fitch-revises-construction-guarantees-outlook-to-stable-affirms-a-rating
Korea's construction sector slowdown, TY E&C concerns impact Construction Guarantee's outlook
March 5 2024
Fitch affirms ratings but downgrades outlook to stable, citing potential for claims due to liquidity issues at Taeyoung Engineering & Construction.
New Standards.New Stage.Real Recognition. Entries Closing Soon. Apply now → Entries close
25 September