Trending News: Friday Sermon Slides: Four JAIM Staff Face Disciplinary ActionBest’s Special Report: More Rating Upgrades Than Downgrades for Asia Pacific (Re)Insurers in 2023 Amid Geopolitical UncertaintySabari Under A Spell And Spirited Away, Claims SonLabuan FSA Wins ‘Best International Jurisdiction For Islamic Banking and Finance 2024ESSCOM Launches in-house ESS Zone e-Personnel, e-Demographic SystemCPO Futures Higher On Greater Export Outlook, Slowing Sept ProductionNAFAS Achieves Highest Ever Sales Of Nearly RM1 Mln At MAHA 2024JCIM SDA Brings Together Various Entities, Contributes To Malaysia Environmental EcosystemDark Tourism: A Chance To Encounter ‘Mr Gopal’ in Kellie’s CastleThree National Records Come Tumbling Down As Para SUKMA Kicks Off In Emphatic FashionDengue Cases Decrease During ME37, No Deaths ReportedMAIWP Continues To Support Students And Huffaz With Millions In Aid And Incentives7,958 Flood Evacuees Still Housed In 37 Kedah PPS As Of 9 AmFlooding: Field Day For Villagers, Anglers As River Swells Into Happy Hunting Ground For Prawns, FishRinggit Kicks Off The Week In Steady Mode, Bullish Outlook RemainsPara SUKMA: Pahang’s Chi Hui Breaks Two National Para Achery RecordsEPB Group To Buy Industrial Land For RM22.49 MlnSK Abang Ali PIBG Gives Cash Aid To Kampung Hilir Fire VictimsMRC Projects Exports Of Rubber, Related Products To Exceed RM30 BlnSultan Of Kedah Visits Flood Evacuees At Relief CentreEtiqa Unveils Malaysia’s First Independent EV Repair NetworkUM Comes Forward To Help Nur Fatihah Pursue Her Dreams Of Completing A DegreeBursa Malaysia: Invest Malaysia To Attract Over 500 Delegates, AUM Over RM56.7 TrillionSecurities Commission Releases Updated Investor Alert ListAM Best: Favourable Rating Changes For APAC (Re) Insurers Despite Geopolitical UncertaintyFed Rate Cut Impact Propels Gold Futures To Close HigherMenlo Security Named Leader For Secure Enterprise Browsing In GigaOm Radar ReportJohor Allocates Almost RM1 Million To Address Flood Problems In KluangAkwel Anticipates Minor Sales Drop For Current Fiscal YearPara SUKMA:14-Year Old Asyiil Raziin Smashes Para SUKMA Record In Maiden AppearenceMary Kay Now In Kyrgyzstan, Enriching Beauty And Empowerment Globally153 Accounts Linked To GISBH Worth Over RM800,000 Frozen – IGPEBC Bolsters Global Leadership With BrokersView Best Trading Experience AwardArmed Forces Personnel Dies After Being Shot By HunterSC Unveils Family Office Incentive Scheme To Boost InvestmentPAAB Committed To CSR For Sustainability Of Society And EnvironmentPropertyGuru Hopes Govt Will Continue Focus On Affordable Housing In Budget 2025Para Archery: One-armed Nursufiah Releases Arrows With Her MouthBudget 2025: KPK Proposing Initiatives To Strengthen Oil Palm IndustryDecision On GISBH Doctrine Expected After Conference Of Rulers Meeting In October – Mohd Na’imBNM’s International Reserves Rise To US$117.6 Bln As Of Sept 13Thunderstorms, Heavy Rain, Strong Winds In Almost All States – MetmalaysiaMalaysia’s Fiscal Deficit Target Of 3 Pct By 2026 Challenging But Achievable – MARCMOTAC To Forge Closer Cooperation With OIC To Promote Muslim-friendly TourismKPK Proposes Revision Of WPL On Palm Oil; MOF Feedback PendingPoison-pen Letters Urging Boycott Of Mahkota Polls Will Not Affect BN – Ahmad ZahidCIOs Find AI Both Exciting, Stressful – Expereo StudyMAHA 2024: 10 Perlis Entrepreneurs Record Sales Of Over RM390,000, Surpassing TargetCapital A To Hold EGM On Oct 14, 2024, For Disposal Of Aviation BusinessBudget 2025: Additional Funds Needed To Upgrade MYeHALAL System – Mohd Na’imLRN Corporation Is ICA Compliance Awards 2025 Exclusive Headline PartnerLYB Starts Constructions Of Advanced Recycling Plant In GermanyMalaysia’s August Inflation Eases To 1.9 Pct – DoSMKKDW, BHPetrol Ink MoU To Build Petrol Stations In Rural AreasMATRADE To Lead 150 Malaysian Organisations At CAEXPO 2024UMT Launches UMTBeacon To Drive Malaysia’s Involvement In Blue EconomyForeign Investors Remain Net Buyers Last Week, Snapping Up Equities Worth RM271.5 MlnFTC Development Manager Jailed, Fined Over RM7 Million For Abusing PositionMalaysia’s Air Traffic Recovery To Hit 94 Pct In 2024 – MIDFNo Cartel, Monopoly In Fertiliser Supply – NAFASPreqin Expects Global Alternative Markets To Surpass US$30 Trillion By 2030Penang Moots Building Livestock Waste Processing Centre To Solve Pollution IssuesGovt Needs To Address Gaps In National Grids To Foster Renewable Energy ProductionZulhelmy Ithnain New Navy ChiefMahkota Polls: Tengku Zafrul Confident Early Voting Will Favour BNDecision To Revive UPSR, PT3 Must Be Made Holistically – FadhlinaMahkota By-election Early Voting TomorrowPM Anwar Congratulates Sri Lanka’s New President, Reaffirms Commitment To Bilateral TiesMahkota By-election: MIC Confident Indian Community Vote For BNZurich Tagnia Conducting POC For MLFF On WISEFormer MTBC President PS Nathan Passes AwayCIMB Islamic Strengthens Its Support Of Asnaf Farmers In Kedah With Contribution Of Paddy Harvester MachineAkmal Rizal Rues Penang’s Missed Opportunity Against Negeri SembilanAirAsia To Add 2,000 Weekly Flights, 150,000 Seats Across 40 Key Routes By Year-endResults Of 2024 Malaysia Para Games (Sept 23)Supplementary Electoral Roll For August 2024 Open For Review – ECPSEi rally after BSP trims banks’ reserve requirement, peso weakensSignificant Rise In Water Levels At Penang Dams But Still Not ‘Safe’ – PBAPPPH geothermal power firm adds 83MW clean energy by yearend17,160 Cigarette Butts Collected In Environmental Cleanup At Saujana Beach, PDE. Visayas hospital seeks LGUs’ help in blood donation drivesSenate approves 3 measures, South Korea FTAChina’s Guizhou Gains From UNESCO-Listed Rice-Fish-Duck EcosystemGrab PH names new country headGISBH: MoE Taking Over Education Aspect Of Children Rescued Through Op Global – FadhlinaPH gets 2 more Israeli-made missile boatsGunung Lambak A Popular Hiking Spot For All AgesDOJ, private firms to protect health of female inmatesSago, The ‘Tree Of Life’ That Drives Sustainable Peatland Agriculture – Roland Sagah‘Artesanias de Iloilo’ introduces innovations, embraces e-commerceDr Zaliha Encourages More Pakistani Investments In Malaysia’s Food Sector8K kg of waste collected during coastal cleanup in BicolBeard Hair Among Items Seized From GISBH In Op Global RaidPH women’s team wins gold at Chess OlympiadPolice Investigate Video Depicting Elements Of Sarawak, Sabah Separation From MalaysiaP44.7-M farm-to-market roads in Palawan to spur agri activitiesFlood Victims In Kedah Decrease To 7,174 As of TonightPSA intensifies nat’l ID registration in Agusan Sur villagesPara SUKMA: Paddler Mei Hsia hits Paydirt After Braving The Heat And Rain To Attend TrainingEx-presidential spox questions House panel arrest warrant before SC
Tue. Sep 24th, 2024
Trending News: Friday Sermon Slides: Four JAIM Staff Face Disciplinary ActionBest’s Special Report: More Rating Upgrades Than Downgrades for Asia Pacific (Re)Insurers in 2023 Amid Geopolitical UncertaintySabari Under A Spell And Spirited Away, Claims SonLabuan FSA Wins ‘Best International Jurisdiction For Islamic Banking and Finance 2024ESSCOM Launches in-house ESS Zone e-Personnel, e-Demographic SystemCPO Futures Higher On Greater Export Outlook, Slowing Sept ProductionNAFAS Achieves Highest Ever Sales Of Nearly RM1 Mln At MAHA 2024JCIM SDA Brings Together Various Entities, Contributes To Malaysia Environmental EcosystemDark Tourism: A Chance To Encounter ‘Mr Gopal’ in Kellie’s CastleThree National Records Come Tumbling Down As Para SUKMA Kicks Off In Emphatic FashionDengue Cases Decrease During ME37, No Deaths ReportedMAIWP Continues To Support Students And Huffaz With Millions In Aid And Incentives7,958 Flood Evacuees Still Housed In 37 Kedah PPS As Of 9 AmFlooding: Field Day For Villagers, Anglers As River Swells Into Happy Hunting Ground For Prawns, FishRinggit Kicks Off The Week In Steady Mode, Bullish Outlook RemainsPara SUKMA: Pahang’s Chi Hui Breaks Two National Para Achery RecordsEPB Group To Buy Industrial Land For RM22.49 MlnSK Abang Ali PIBG Gives Cash Aid To Kampung Hilir Fire VictimsMRC Projects Exports Of Rubber, Related Products To Exceed RM30 BlnSultan Of Kedah Visits Flood Evacuees At Relief CentreEtiqa Unveils Malaysia’s First Independent EV Repair NetworkUM Comes Forward To Help Nur Fatihah Pursue Her Dreams Of Completing A DegreeBursa Malaysia: Invest Malaysia To Attract Over 500 Delegates, AUM Over RM56.7 TrillionSecurities Commission Releases Updated Investor Alert ListAM Best: Favourable Rating Changes For APAC (Re) Insurers Despite Geopolitical UncertaintyFed Rate Cut Impact Propels Gold Futures To Close HigherMenlo Security Named Leader For Secure Enterprise Browsing In GigaOm Radar ReportJohor Allocates Almost RM1 Million To Address Flood Problems In KluangAkwel Anticipates Minor Sales Drop For Current Fiscal YearPara SUKMA:14-Year Old Asyiil Raziin Smashes Para SUKMA Record In Maiden AppearenceMary Kay Now In Kyrgyzstan, Enriching Beauty And Empowerment Globally153 Accounts Linked To GISBH Worth Over RM800,000 Frozen – IGPEBC Bolsters Global Leadership With BrokersView Best Trading Experience AwardArmed Forces Personnel Dies After Being Shot By HunterSC Unveils Family Office Incentive Scheme To Boost InvestmentPAAB Committed To CSR For Sustainability Of Society And EnvironmentPropertyGuru Hopes Govt Will Continue Focus On Affordable Housing In Budget 2025Para Archery: One-armed Nursufiah Releases Arrows With Her MouthBudget 2025: KPK Proposing Initiatives To Strengthen Oil Palm IndustryDecision On GISBH Doctrine Expected After Conference Of Rulers Meeting In October – Mohd Na’imBNM’s International Reserves Rise To US$117.6 Bln As Of Sept 13Thunderstorms, Heavy Rain, Strong Winds In Almost All States – MetmalaysiaMalaysia’s Fiscal Deficit Target Of 3 Pct By 2026 Challenging But Achievable – MARCMOTAC To Forge Closer Cooperation With OIC To Promote Muslim-friendly TourismKPK Proposes Revision Of WPL On Palm Oil; MOF Feedback PendingPoison-pen Letters Urging Boycott Of Mahkota Polls Will Not Affect BN – Ahmad ZahidCIOs Find AI Both Exciting, Stressful – Expereo StudyMAHA 2024: 10 Perlis Entrepreneurs Record Sales Of Over RM390,000, Surpassing TargetCapital A To Hold EGM On Oct 14, 2024, For Disposal Of Aviation BusinessBudget 2025: Additional Funds Needed To Upgrade MYeHALAL System – Mohd Na’imLRN Corporation Is ICA Compliance Awards 2025 Exclusive Headline PartnerLYB Starts Constructions Of Advanced Recycling Plant In GermanyMalaysia’s August Inflation Eases To 1.9 Pct – DoSMKKDW, BHPetrol Ink MoU To Build Petrol Stations In Rural AreasMATRADE To Lead 150 Malaysian Organisations At CAEXPO 2024UMT Launches UMTBeacon To Drive Malaysia’s Involvement In Blue EconomyForeign Investors Remain Net Buyers Last Week, Snapping Up Equities Worth RM271.5 MlnFTC Development Manager Jailed, Fined Over RM7 Million For Abusing PositionMalaysia’s Air Traffic Recovery To Hit 94 Pct In 2024 – MIDFNo Cartel, Monopoly In Fertiliser Supply – NAFASPreqin Expects Global Alternative Markets To Surpass US$30 Trillion By 2030Penang Moots Building Livestock Waste Processing Centre To Solve Pollution IssuesGovt Needs To Address Gaps In National Grids To Foster Renewable Energy ProductionZulhelmy Ithnain New Navy ChiefMahkota Polls: Tengku Zafrul Confident Early Voting Will Favour BNDecision To Revive UPSR, PT3 Must Be Made Holistically – FadhlinaMahkota By-election Early Voting TomorrowPM Anwar Congratulates Sri Lanka’s New President, Reaffirms Commitment To Bilateral TiesMahkota By-election: MIC Confident Indian Community Vote For BNZurich Tagnia Conducting POC For MLFF On WISEFormer MTBC President PS Nathan Passes AwayCIMB Islamic Strengthens Its Support Of Asnaf Farmers In Kedah With Contribution Of Paddy Harvester MachineAkmal Rizal Rues Penang’s Missed Opportunity Against Negeri SembilanAirAsia To Add 2,000 Weekly Flights, 150,000 Seats Across 40 Key Routes By Year-endResults Of 2024 Malaysia Para Games (Sept 23)Supplementary Electoral Roll For August 2024 Open For Review – ECPSEi rally after BSP trims banks’ reserve requirement, peso weakensSignificant Rise In Water Levels At Penang Dams But Still Not ‘Safe’ – PBAPPPH geothermal power firm adds 83MW clean energy by yearend17,160 Cigarette Butts Collected In Environmental Cleanup At Saujana Beach, PDE. Visayas hospital seeks LGUs’ help in blood donation drivesSenate approves 3 measures, South Korea FTAChina’s Guizhou Gains From UNESCO-Listed Rice-Fish-Duck EcosystemGrab PH names new country headGISBH: MoE Taking Over Education Aspect Of Children Rescued Through Op Global – FadhlinaPH gets 2 more Israeli-made missile boatsGunung Lambak A Popular Hiking Spot For All AgesDOJ, private firms to protect health of female inmatesSago, The ‘Tree Of Life’ That Drives Sustainable Peatland Agriculture – Roland Sagah‘Artesanias de Iloilo’ introduces innovations, embraces e-commerceDr Zaliha Encourages More Pakistani Investments In Malaysia’s Food Sector8K kg of waste collected during coastal cleanup in BicolBeard Hair Among Items Seized From GISBH In Op Global RaidPH women’s team wins gold at Chess OlympiadPolice Investigate Video Depicting Elements Of Sarawak, Sabah Separation From MalaysiaP44.7-M farm-to-market roads in Palawan to spur agri activitiesFlood Victims In Kedah Decrease To 7,174 As of TonightPSA intensifies nat’l ID registration in Agusan Sur villagesPara SUKMA: Paddler Mei Hsia hits Paydirt After Braving The Heat And Rain To Attend TrainingEx-presidential spox questions House panel arrest warrant before SC
Tue. Sep 24th, 2024

Best’s Special Report: More Rating Upgrades Than Downgrades for Asia Pacific (Re)Insurers in 2023 Amid Geopolitical Uncertainty

OLDWICK, N.J., Long-Term Issuer Credit Rating (Long-Term ICR) upgrades exceeded downgrades for AM Best-rated Asia-Pacific (re)insurers in 2023, driving predominantly by improved balance sheet strength and favorable operating performance, according to a new AM Best report.

The Best’s Special Report, ‘Asia-Pacfic Benchmarking: Positive Signs While Navigating Climate and Geopolitical Uncertainty,’ states that eight Long-Term ICRs were upgraded in 2023 with four downgraded on a range of factors, including falling Best’s Capital Adequacy Ratio (BCAR) scores and weakening operating results. Additionally, AM Best assigned 10 new ratings in the region during the year.

Source: BERNAMA News Agency

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