Narelle 2, Fina, and Koji were the season’s largest declared events by estimated ultimate loss, with ARPC citing complex, geographically dispersed impacts.
The agency had also affirmed the insurer’s A+ financial strength rating for its key life/health subsidiaries, alongside affirming the parent’s “a-” issuer credit rating.
Following feedback from 42 respondents, the Insurance Authority has finalised amendments to the RBC regime, with additional guidance to be issued ahead of implementation.
Since its launch in March 2025, the Beijing commercial space co-insurance consortium has also reduced its average inquiry and underwriting time by 20%.
