Fubon Insurance gets boost from parent: AM Best

Both Fubon Insurance and the group’s Vietnam arm have shown sturdy finanacials.

Fubon Insurance is perceived to have adequate balance sheet strength, operating performance, business profile, and enterprise risk management, along with support from its parent, Fubon Financial Holding, AM Best reported.

Likewise, Fubon Vietnam's ratings highlight strong balance sheet strength, adequate operating performance, limited business profile, and appropriate enterprise risk management.

The company benefits from support and affiliation with Fubon Insurance, playing a crucial role in the group's regional business growth.

ALSO READ: Fubon Insurance surplus to keep momentum after capital injection: analyst

The negative outlook for Fubon Insurance results from concerns about potential pressure on balance sheet strength due to heightened reinsurer credit risk and uncertainties in the company’s capital position, despite recovering non-consolidated capital in 2023.

Negative rating actions could occur with unfavourable resolution of reinsurance disputes, insufficient capital replenishment, or sustained deterioration in operating performance.

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