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.
The collaboration will explore integrating health insights with wealth management and insurance planning for high‑net‑worth and ultra‑high‑net‑worth clients in Asia.
The Australia‑listed insurer’s Q1 trading update highlighted solid premium momentum alongside net catastrophe claims exceeding half of its first‑half allowance.
The new policy triggers financial relief when a set number of people are affected by extreme weather, and follows the rollout of a similar impact-based policy in Lao PDR in 2025.
