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.
UAE Insurers see 19% revenue growth amidst IFRS 17 shift
AM Best expects consolidation from weak underwriting performance and higher costs.
UAE Insurers see 19% revenue growth amidst IFRS 17 shift
AM Best expects consolidation from weak underwriting performance and higher costs.
Prudent underwriting boosts Shinkong's claims experience: AM Best
The company saw a double-digit growth in capital and surplus in 2023.
Elevated risk environment prompts challenges for reserve management
Aggressive inflation has complicated loss predictions and could underestimate severity.
Momentum Life logs gains with expansion, strategy: AM Best
The company’s capital remains enough to support other operations despite a planned expansion.
Taiwan's non-life insurers unlikely to see big quake claims – AM Best
Some insurers could benefit from robust parental financial support, as mandated by regulations.
CMB Wing Lung gains support from China Merchants Group
AM Best sees its balance sheet boosted by strong risk-adjusted capitalisation.
Global non-life reinsurance market to see improved margins
The market witnessed a dramatic increase in average retentions on property reinsurance programmes.
AM Best affirms Hollard Insurance’s outlook as stable
The company’s strong financial flexibility is attributed to shareholder support, including capital injections and hybrid debt issuances.
Hanoi Re faces elevated expense ratio challenges – AM Best
As one of the two domestic reinsurers in Vietnam, Hanoi Re has a moderate underwriting risk.
Vietnam's new law to stifle insurance sales growth – AM Best
The law is expected to allow policyholders to choose products they need at competitive prices.
KBFG China sees continuous growth in capital and surplus
AM Best said its relatively small capital base and underwriting portfolio expose it to volatility in the event of large losses.
Prospects brighten for Fidelity Life Assurance's operating performance
The company's financial flexibility is bolstered by its two largest shareholders, said AM Best.
Asuransi Astra's profitability stays strong, backed by parent group's business: AM Best
Its investment portfolio is moderately risky, mainly comprising domestically rated bond funds.
Operating performance strong for ICICI Lombard: AM Best
Its underwriting results are offset by its reliance on investment income.
FMG Insurance leads rural insurance in New Zealand: AM Best
Geographical diversification across New Zealand helps spread insured risks.
Energas Insurance shows strong performance with 5-year combined ratio
The company's investment portfolio is considered conservative by AM Best.
IFRS 17, K-ICS weakens average solvency ratio
The adoption of K-ICS drove operational strategies of Korean insurers to focus on expanding sales of protection-type products with high profitability.
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Humans need to be in insurance’s genAI loop
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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.
