Helia Insurance’s CAR will remain afloat for the next 2 years

Its monoline business and reliance on a single customer pose concentration risks

S&P Global Ratings assigned Helia Insurance to have a stable outlook and is expected to uphold its strong market position, solid earnings, and robust capital adequacy over the next two years.

The new criteria increased Helia's total adjusted capital (TAC) by removing haircuts to liability adjustments and recalibrating mortgage insurance premiums and reserve risk charges, resulting in lower capital requirements.

These changes, however, do not materially affect Helia's capital adequacy assessment, S&P Global said.

ALSO READ: India set for expansion in 2023, premiums to swell in the next 10 years

Helia maintains a strong competitive position as the largest provider of Lenders Mortgage Insurance (LMI) in Australia, supported by solid earnings and robust capital adequacy.

Although its monoline business and dependency on a single customer for half its premiums pose concentration risks, Helia's strong market share and a panel of mortgage lender customers sustain its premiums and operational performance.

Follow the link for more news on

S&P Global Ratings

Also Read

FWD Philippines targets gamer insurance gaps

Korean construction insurer maintains strong capital

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit