AM Best has affirmed the Taiwanese insurer’s ‘A-’ ratings, expecting overall capital and earnings strength to remain satisfactory for the next two years.
P&C insurers in three major North Asian markets of China, Japan, and Taiwan hold almost three times the amount of regulatory capital for asset risk than US carriers.
The Taiwanese insurer has utilised AI and data analytics to transform underwriting and claims processing in Taiwan’s highly competitive insurance market.
S&P Global assigns foreign currency ICR and financial strength rating, while affirming local currency ratings, citing expectations to maintain "satisfactory” earnings and "proactive risk control.”...
The deal, which still needs to go through approvals, comes two days after rival CTBC tried to steal a march on the pair by announcing a takeover bid of Shin Kong.
