Robust capital aids premium growth in China

Companies with higher IFS Ratings typically exhibit more stability.

Capitalisation is a critical factor in determining the financial strength of Chinese non-life insurers, according to Fitch Ratings. 

Insurers in this sector generally maintain robust capital levels, as reflected by Fitch Prism Global model scores and statutory solvency ratios, which help them manage premium growth and asset volatility effectively. 

Operating stability is also a major driver of credit ratings among these insurers. 

Companies with higher IFS Ratings typically exhibit more stable underwriting profitability, whilst those with weaker ratings often experience greater underwriting volatility and have shorter operating histories. 

However, most insurers benefit from steady investment yields, which support overall operating stability.