AM Best
AM Best is an American credit rating agency headquartered in Oldwick, New Jersey, that focuses on the insurance industry. It asseses the creditworthiness of and/or reports on over 16,000 insurance companies worldwide.
See below for the Latest AM Best News, Analysis, Profit Results, Share Price Information, and Commentary.
Labuan Reinsurance solvency remains robust
The company’s underwriting performance has shown consistent gains in 2023.
1 day ago
Labuan Reinsurance solvency remains robust
The company’s underwriting performance has shown consistent gains in 2023.
1 day ago
South Korean insurers brace for profit squeeze amidst rate cuts
Direct premiums from long-term products contributed to a 3.7% increase in 2023.
3 days ago
Reinsurance costs challenge New Zealand insurance earnings
2024 experienced fewer significant weather events, alleviating claims expenses.
BOCG Insurance's liquidity sufficient for liabilities: AM Best
The company’s 2023 capital and surplus was driven by underwriting and investment income.
China Taiping Insurance sees robust capitalisation with TPG financial support
It is anticipated that CTPIS will build its life insurance segment over the medium term.
Construction Guarantee faces profit pressure amidst prolonged construction downturn
A notable rise in guarantee claims payments and reserves is expected to keep claims levels elevated.
Quest Insurance to maintain strong capitalisation
However, future loss ratios are expected to rise.
Beneficial Insurance boasts 36.1% return on equity
Beneficial’s risk-adjusted capitalisation was strongest level as of 31 March.
GIC Re maintains strong capitalisation in FY 2024
In FY 2024, the company reported a consolidated ROE of 9.5%.
Samsung Fire & Marine holds robust balance sheet, leads in auto insurance
SFM maintains the highest regulatory solvency ratio amongst non-life insurers in South Korea
Indonesia's insurers battle rising non-performing loans
Its first quarter performance showed promise.
UniMed’s capitalisation hits strongest level in 2023
Thanks to low underwriting leverage and moderate investment risk.
Sompo’s risk-adjusted capitalisation reaches peak levels
Despite exposure to equity risk, Sompo has sufficient capital to absorb loss.
APAC insurance stability bolstered by strong risk management
87% of the APAC rating units had stable outlooks at the end of 2023.
ECGC’s risk-adjusted capitalistation at strongest level in medium-term
As a monoline credit insurer, it insures about 40% of total export credit by banks.
Investment stability anchors Taiping Reinsurance despite impairments
In 2023, TPRe recorded a net profit of $42.74m.
Will Taiwan’s non-life sector sustain profit surge beyond 2024?
The sector’s direct written premiums in 7M’24 climbed 11.4% YoY.
Thought Leadership Centre
Most Read
1. Allianz-Income merger in limbo as parties weigh new rules 2. India's life insurance growth slows to 10.6% in October 3. South Korean insurers brace for profit squeeze amidst rate cuts 4. bolttech secures $50m venture debt from HSBC, expands market 5. Life insurance premiums forecast to grow by 3% yearly until 2026Resource Center
Read Here
Advertise
Sign Up
Event News
Event News
Humans need to be in insurance’s genAI loop
![Humans need to be in insurance’s genAI loop]()
Insurance
Employees still need to interpret AI-generated data and make decisions to minimise risks.
Employees still need to interpret AI-generated data and make decisions to minimise risks.
