Stable investment income shields HLIA against market volatility, driving fiscal optimism

The insurer carries a strong balance sheet, operating performance, limited profile, and appropriate risk management.

Hong Leong Insurance (Asia) (HLIA) is seen to “benefit” from solid growth momentum from improved operational efficiency, boosting underwriting margin and higher earnings amidst portfolio growth, said AM Best.

The ratings are based on HLIA's very strong balance sheet, strong operating performance, limited business profile, and appropriate enterprise risk management.

The company's balance sheet strength is supported by its highest level risk-adjusted capitalization and low underwriting leverage, although it faces challenges like modest capital and surplus levels, reliance on reinsurance, and investment concentration in real estate.

ALSO READ: Hong Leong Bank, Chubb Life collaborate to offer life insurance in Vietnam

Potential negative rating actions could arise from sustained underperformance, deteriorating risk-adjusted capitalisation, or a decline in the credit profile of HLIA's parent companies.

Conversely, a significant improvement in market position while maintaining strong performance could lead to positive rating actions, though this is not expected in the near to medium term.

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