S&P Global Ratings
S&P Global Ratings is an American credit rating agency. It is considered the largest of the Big Three credit-rating agencies, which also include Moody's Investors Service and Fitch Ratings. It publishes financial research and analysis on stocks, bonds, and commodities.
IFRS 17 pushes Korean insurers towards lower-risk products
IFRS 17 pushes Korean insurers towards lower-risk products
S&P notes that insurers have been preparing by investing in long-dated bonds.
Chinese insurers shift to floating-return products amidst risks
Its P&C sector is under strain due to market volatility.
Global risks could squeeze Asia Insurance's profits
Underwriting profits are expected to narrow over the next two years.
China's insurers adjust risk control amidst lower returns
P&C insurers’ underwriting margins may shrink further.
Income Insurance's risk diversification tempers capital charges
On a stand-alone basis, it is expected to keep a strong business presence in SG.
S&P warns of strained profitability for insurers due to climate events
Last year was the fourth straight year insured losses surpassed $100b globally.
Reinsurers urged to discipline performance amidst casualty risks
Combined ratio forecasted to remain between 92% and 96% in 2024 to 2025.
Nan Shan Life's investment strategy solid across currencies
S&P also expects the insurer to maintain its current investment risk exposure.
Global reinsurers increase natural catastrophe exposure by 14%
In 2023, global insured losses from natural catastrophes reached $108b.
China Pacific Insurance poised for stable outlook in the next two years
CPPIC is expected to remain a core subsidiary of CPIC Group.
Hollard Australia’s capital remains solid until 2026
It will also benefit from its acquisition of Commonwealth Insurance.
Top APAC insurers see market cap growth of Q2 2024
China Life Insurance led with a 9% growth during the period.
Chubb Australia to recover gradually after 2022 investment losses
Its reputation is expected to remain strong, S&P Global Ratings said.
Chubb New Zealand to adjust capital strategy within 24 months
It is also expected to receive substantial support from its parent.
China Re to expand role in agri and catastrophe coverage
The group is also likely to continue its international expansion.
MSI China’s capital buffers stay healthy in 2024
The insurer's Japanese-related business will continue to drive its underwriting profit.
Sompo China secures strong solvency amid dividends
In 2024, it paid $8.6m in dividends, representing 80% of its 2023 earnings.