AM Greatest Upgrades Credit score Rankings of AES International Insurance coverage Firm

AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating to “a” (Excellent) from “a-” (Excellent) of AES Global Insurance Company (AGIC) (Burlington , VT). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect AGIC’s balance sheet strength, which AM Best assesses … Read more

AM Finest Removes From Below Evaluation With Growing Implications and Affirms Credit score Scores of First Insurance coverage Firm

AM Best has removed from under review with developing recommendations and affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of ‘bbb+’ (Good) of First Insurance Company (SFIC) (Jordan). The outlook assigned to these Credit Ratings (ratings) is stable. The ratings reflect SFIC’s balance sheet strength, which AM Best assesses … Read more

Talanx : Quarterly Assertion as of 30 September 2022

QUARTERLY STATEMENT Talanx grows premiums and Group net income significantly despite high losses from natural disasters Double-digitrise in gross premiums (18.5 percent, or13.8 percent adjusted for currency effects) to EUR 41.7 (35.2) billion Group net income up 8.6 percent to EUR 785 (723) million – squarely on track to meet annual targets Combined ratio of … Read more

Korean Reinsurance : · Korean Insurance coverage Market Outlook for…

Insurance market growth in Korea is expected to recover 2.1% in 2023 from 0.7% in 2022 with total premiums projected at over KRW 232 trillion, according to an outlook report released by the Korea Insurance Research Institute in October 2022. Forecast to return to positive growth in 2023 after a sharp contraction in 2022, but … Read more

Korean Reinsurance : · Preliminary Enterprise Outcomes of Ins…

The Korean insurance industry reported KRW 5,614.4 billion in net income for the first six months of 2022, down 1.1% from a year earlier. The industry delivered sharply divided results: the life insurance sector suffered a large decline in net income while non-life insurers continued to perform strongly in terms of bottom-line growth. Life insurers … Read more

Guidewire Software program : and One Inc Increase Relationship Saying Strategic Partnership to Empower Insurers to Ship Frictionless Fee Experiences

Guidewire (NYSE: GWRE) today announced One Inc as its strategic partner for payments to provide digital experiences that deliver flexibility and agility throughout the insurance lifecycle, from quote to claims payment. The One Inc and Guidewire partnership will empower insurers with an out-of-the-box joint solution that will enable the rapid delivery of a frictionless payment … Read more

Alignment Well being Plan Acknowledged as Finest Insurance coverage Firm for Medicare Benefit in North Carolina by US Information & World Report

RALEIGH, NC and ORANGE, Calif., Oct. 24, 2022 (GLOBE NEWSWIRE) — Alignment Health Plan, an award-winning Medicare Advantage (MA) insurance carrier from Alignment Healthhas been named a 2023 Best Insurance Company for Medicare Advantage plans by US News & World Report for its top-rated HMO in North Carolina. Alignment is one of only four MA … Read more

Fitch Revises Outlook on ABCI Insurance coverage to Destructive; Affirms IFS Score at ‘A-‘

Fitch Ratings has revised the Outlook on Hong Kong-based ABCI Insurance Company Limited’s Insurer Financial Strength (IFS) Rating to Negative from Stable. Fitch has an affirmed ABCI’s IFS Rating at ‘A-‘ (Strong). Key Rating Drivers Outlook Revision: The Negative Outlook reflects the increasing volatility in ABCI’s underwriting performance. The company’s combined ratio averaged 123% in … Read more

AM Greatest Revises Issuer Credit score Score Outlook to Damaging for Adamjee Insurance coverage Firm Restricted

AM Best has revised the Long-Term Issuer Credit Rating (Long-Term ICR) outlook to negative from stable and affirmed the Financial Strength Rating (FSR) of B (Fair) and the Long-Term ICR of ‘bb+’ (Fair) of Adamjee Insurance Company Limited (Adamjee) (Pakistan). The outlook of the FSR is stable. The Credit Ratings (ratings) reflect Adamjee’s balance sheet … Read more

AM Greatest Revises Issuer Credit score Ranking Outlook to Unfavourable for Basic Insurance coverage Company of India

AM Best has revised the Long-Term Issuer Credit Rating (Long-Term ICR) outlook to negative from stable and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term ICR of ‘bbb+’ (Good) of General Insurance Corporation of India (GIC Re) (India). The outlook of the FSR is stable. The Credit Ratings (ratings) reflect GIC … Read more