The ratings agency has affirmed the South Korean insurer's IFS rating at “A+” and IDR at “A”, with subordinated debt at “A-”, all with a stable outlook.
Brokers report growing interest in cyber insurance following the introduction of the DPDP Act, as buyers reassess limits, coverage and compliance exposure.
The insurer's combined ratio is expected to fall this year from 101.4% in 2025 as a result of ongoing regulatory constraints on commissions and efficiency measures.
Regulatory reforms, tax changes and digital distribution are expected to support sustained growth in India’s life insurance market, according to GlobalData.
Ratings agency cited uncertainty over planned capital injections and ongoing regulatory changes as key factors in its latest review of the Indonesian insurer.
