Trending News: Anwar Calls On FAM To Provide Plan, KPI For Harimau Malaya – KBSATBC: Malaysia Strikes Double Gold In BangkokChina Open: Yew Sin-Ee Yi Cruise Into Men’s Doubles QuarterfinalsACL 2: Selangor Hold Muangthong Utd in Group H OpenerFormer Investment Banker Charged With Unlicensed Fund Management, MisrepresentationPM Makes Personal Donation To Perlis Flood VictimsUNESCO-listed rice-fish-duck ecosystem benefits SW China’s GuizhouMalaysia Firm In Defending Sovereignty, Resolving Issues Through Dialogue – AdlyJohnson and Johnson Commemorates 50 Years In Singapore With A Series Of Events Marking A Remarkable MilestoneElephant Food Bank: A Solution For Human-elephant Conflict – ChanChina Eagerly Awaits King’s First State Visit In 10 Years – Malaysian AmbassadorVale, MPM Team Up To Organize Manjung Run 2024Mobile Phone Ban Proposal For KLIA Counter Immigration Officers – Azam BakiFBM KLCI Futures Mostly Higher In Early TradeJBPM Receives 2,575 Fallen Tree Reports, Selangor Records HighestKing Departs For China On Four-day State VisitMalaysia Needs More Reforms To Reach High-Income Nation Status – EconomistHigher Number Of Flood Evacuees In Kedah, Penang And Perlis This MorningGlobal alternatives markets on course to exceed $30tn by 2030 – Preqin forecastsHearsay Claims By Witnesses Should Be Expunged – Najib’s LawyerKluang Offers Residents A Leisurely And Harmonious LifestyleSalary Structure For Engineers Need To Be Reassessed – FadillahGold Futures Close Higher After Fed’s Bumper Rate CutPolice Increase Surveillance, Patrolling In Flood Affected Areas To Avoid Theft, LootingAhmad Zahid Urges Respect For Family of Late Mahkota RepMonthly Jimat Sale Programme To Benefit Armed Forces FamiliesMahkota Polls: No Commitments To assist Any Party’s Campaign, Says MUDABN Never Permitted Any Party To Use Its Name, ‘Dacing’ Symbol – Dr ZambryBNM Unlikely To Follow US Fed Rate Cut, Eyes Domestic And Global ConditionsMalaysia’s Exports And Imports Of Goods To Recover, Rebound This Year — MIDFAirAsia Eyes Expansion In Eastern Indonesia With New RoutesBina Darulaman Says External Auditor’s Resignation A Routine Governance PracticeAirAsia, Airbus Partner For ASEAN Aviation SustainabilityAir Passenger Traffic Up 12.7 Pct To 8.7 Mln In August 2024 – MAVCOMZycus Named Leader In Supplier Value Management Platforms By ForresterMalaysian REITs Witness Positive Growth In 2024 Despite Global Challenges – MRMARHB IB Lifts 2024 TIV Forecast To 790,000 UnitsGuangdong Province Gears Up For 136th Canton Fair Next MonthSMART Modular Technologies Flash Memory Drives Feature SEU Mitigation For Remote ApplicationsAM Best Maintains Stable Outlook On China’s Non-life Insurance SegmentMedidata Recognised As Leader In Electronic Data Capture By Everest GroupMIDA Partners MIER To Strengthen Malaysia’s Investment ClimateSDCG Optimistic On Growth Amid Lower Costs, Green IncentivesTeledyne Launches 16k TDI Line Scan Camera With 1 Megahertz Line RateRobust 1H 2024 Domestic Investments Show Country Not Dependent On Foreign Investments — MIERTrade Rises 18.6 Pct To RM252.65 Bln In August, Fastest Growth Rate In 22 MonthsHR Gradual Changes, Strategic Shifts Expected In Next 12 To 18 Months – Study61 Pct Malaysian Respondents Believe 2024 An Ideal Year To Launch Small Business – HerbalifeKenaf Industry Seeks Greater Govt Support To Boost Growth — ChanVietnamese products promoted at international food fair in RussiaSix-year-old Missing In Bintulu Croc AttackWhile 77% Of HR and Business Leaders Are Change-ready, 64% Are Still Falling Behind HR Transformation Journey: APAC And ME’s Largest HR Study RevealsOp Global: Three Supsects In Sodomy Case To Be Charged Tomorrow – IGPPetronas Sponsors RM320 Million In Education Sponsorships For 600 High-achieving StudentsSUKMA: Pahang Gives Out RM570,000 In Incentives To Athletes, Coaches, ManagersMOTAC To Host 3-day Putrajaya Cultural Festival 2024 Starting This FridayNov 11 Ruling On Malaysian Bar’s Application For Leave To Challenge Najib’s PardonAssets Declaration To MACC For Investigation Into Our Father – Mirzan And Mokhzani2,051 Dengue Cases, Two Deaths Recorded In Kelantan From Jan-SeptPolice Monitoring All GISBH Premises In PerakCBO Members Need To Give Serious Attention To Domestic Violence – Dr MaziahCambodian Woman Killed By Falling Tree In KemamanFloods: Number Of Victims Rise In Penang, Kedah, PerlisLarge Waves Damage Restaurant, Fish Landing Jetty In Bagan Datuk – APMKing Presented With Financial Statements Of Federal And State GovernmentsKuala Kedah Passengers Rush To Kuala Perlis For Last Ferry To LangkawiMedidata Recognized as a Leader in Everest Group’s Inaugural Electronic Data Capture PEAK Matrix® AssessmentJIM Sabah Assures Improvement Following Chief Secretary ReprimandGuangdong’s Bold Path To Global Trade: Announcing The 136th Canton Fair And The Free Trade Zone’s Role In ExpansionVeteran Composer Ooi Eow Jin Dies At 86Don’t Be Afraid Or Ashamed To Undergo HPV DNA Testing, Women ToldSESB To Execute Smart Meter Installation In Two PhasesGISBH Member Pleads Not Guilty To Threatening WomanMetMalaysia: Large Waves Hitting Penang, Pulau Pangkor UnusualKelantan Mulls Relocation Of Rantau Panjang Duty Free ZoneRinggit Maintains Uptrend Against US Dollar In Anticipation Of Fed Rate CutKing To Embark On State Visit To China Starting Sept 19Future Prospects, Welfare Of Rescued Children Discussed – Ahmad ZahidSMART Modular Technologies Introduces Flash Memory Drives with SEU Mitigation for Remote ApplicationsFBM KLCI Futures End Lower In Line With Cash MarketTeledyne Unveils The First 16k TDI Line Scan Camera With A 1-Megahertz Line Rate32 Cases Of Uprooted Trees Reported After Storm In SikBursa Malaysia Weaker In Early Trade, Tracking Wall Street’s Muted Overnight PerformanceMahkota Indian Community Hopes For Empowerment In Economy, EducationFBM KLCI Futures Declines In Early TradeWan Saiful Trial: Prosecution Witness Says Rm38,160 Deposited Into Sinar Karangkraf AccountRinggit Opens Easier Vs USD Ahead Of US Fed MeetingChina Open: Yew Sin-Ee Yi, Tang Jie-Ee Wei Clear First HurdleSlope protection structure ensures road safety in Leyte townTelok Gong Pollution: MACC To Act against Authorities If There Is Graft, Power Abuse – Azam BakiOver 8K workers in R6 recover P330-M in benefits through SEnARubber Market Ends Mixed In Tandem With Regional FuturesDA assures sufficient food stocks amid weather disturbancesKeluang Man Mural Brings Iconic Superhero To LifePCSO GM Robles elected to Asia Pacific lottery group’s exec bodyReligious Study Centre Chairman Pleads Not Guilty To Sexual Assault And Molestation ChargesBIR bans sale of cigarettes, vape products below floor priceKad Siswa Johor To Benefit 75,000 Students – MB19 families in Antique town temporarily resettledMalaysia, Tajikistan Strengthen Bilateral Ties – Ahmad Zahid
Fri. Sep 20th, 2024
Trending News: Anwar Calls On FAM To Provide Plan, KPI For Harimau Malaya – KBSATBC: Malaysia Strikes Double Gold In BangkokChina Open: Yew Sin-Ee Yi Cruise Into Men’s Doubles QuarterfinalsACL 2: Selangor Hold Muangthong Utd in Group H OpenerFormer Investment Banker Charged With Unlicensed Fund Management, MisrepresentationPM Makes Personal Donation To Perlis Flood VictimsUNESCO-listed rice-fish-duck ecosystem benefits SW China’s GuizhouMalaysia Firm In Defending Sovereignty, Resolving Issues Through Dialogue – AdlyJohnson and Johnson Commemorates 50 Years In Singapore With A Series Of Events Marking A Remarkable MilestoneElephant Food Bank: A Solution For Human-elephant Conflict – ChanChina Eagerly Awaits King’s First State Visit In 10 Years – Malaysian AmbassadorVale, MPM Team Up To Organize Manjung Run 2024Mobile Phone Ban Proposal For KLIA Counter Immigration Officers – Azam BakiFBM KLCI Futures Mostly Higher In Early TradeJBPM Receives 2,575 Fallen Tree Reports, Selangor Records HighestKing Departs For China On Four-day State VisitMalaysia Needs More Reforms To Reach High-Income Nation Status – EconomistHigher Number Of Flood Evacuees In Kedah, Penang And Perlis This MorningGlobal alternatives markets on course to exceed $30tn by 2030 – Preqin forecastsHearsay Claims By Witnesses Should Be Expunged – Najib’s LawyerKluang Offers Residents A Leisurely And Harmonious LifestyleSalary Structure For Engineers Need To Be Reassessed – FadillahGold Futures Close Higher After Fed’s Bumper Rate CutPolice Increase Surveillance, Patrolling In Flood Affected Areas To Avoid Theft, LootingAhmad Zahid Urges Respect For Family of Late Mahkota RepMonthly Jimat Sale Programme To Benefit Armed Forces FamiliesMahkota Polls: No Commitments To assist Any Party’s Campaign, Says MUDABN Never Permitted Any Party To Use Its Name, ‘Dacing’ Symbol – Dr ZambryBNM Unlikely To Follow US Fed Rate Cut, Eyes Domestic And Global ConditionsMalaysia’s Exports And Imports Of Goods To Recover, Rebound This Year — MIDFAirAsia Eyes Expansion In Eastern Indonesia With New RoutesBina Darulaman Says External Auditor’s Resignation A Routine Governance PracticeAirAsia, Airbus Partner For ASEAN Aviation SustainabilityAir Passenger Traffic Up 12.7 Pct To 8.7 Mln In August 2024 – MAVCOMZycus Named Leader In Supplier Value Management Platforms By ForresterMalaysian REITs Witness Positive Growth In 2024 Despite Global Challenges – MRMARHB IB Lifts 2024 TIV Forecast To 790,000 UnitsGuangdong Province Gears Up For 136th Canton Fair Next MonthSMART Modular Technologies Flash Memory Drives Feature SEU Mitigation For Remote ApplicationsAM Best Maintains Stable Outlook On China’s Non-life Insurance SegmentMedidata Recognised As Leader In Electronic Data Capture By Everest GroupMIDA Partners MIER To Strengthen Malaysia’s Investment ClimateSDCG Optimistic On Growth Amid Lower Costs, Green IncentivesTeledyne Launches 16k TDI Line Scan Camera With 1 Megahertz Line RateRobust 1H 2024 Domestic Investments Show Country Not Dependent On Foreign Investments — MIERTrade Rises 18.6 Pct To RM252.65 Bln In August, Fastest Growth Rate In 22 MonthsHR Gradual Changes, Strategic Shifts Expected In Next 12 To 18 Months – Study61 Pct Malaysian Respondents Believe 2024 An Ideal Year To Launch Small Business – HerbalifeKenaf Industry Seeks Greater Govt Support To Boost Growth — ChanVietnamese products promoted at international food fair in RussiaSix-year-old Missing In Bintulu Croc AttackWhile 77% Of HR and Business Leaders Are Change-ready, 64% Are Still Falling Behind HR Transformation Journey: APAC And ME’s Largest HR Study RevealsOp Global: Three Supsects In Sodomy Case To Be Charged Tomorrow – IGPPetronas Sponsors RM320 Million In Education Sponsorships For 600 High-achieving StudentsSUKMA: Pahang Gives Out RM570,000 In Incentives To Athletes, Coaches, ManagersMOTAC To Host 3-day Putrajaya Cultural Festival 2024 Starting This FridayNov 11 Ruling On Malaysian Bar’s Application For Leave To Challenge Najib’s PardonAssets Declaration To MACC For Investigation Into Our Father – Mirzan And Mokhzani2,051 Dengue Cases, Two Deaths Recorded In Kelantan From Jan-SeptPolice Monitoring All GISBH Premises In PerakCBO Members Need To Give Serious Attention To Domestic Violence – Dr MaziahCambodian Woman Killed By Falling Tree In KemamanFloods: Number Of Victims Rise In Penang, Kedah, PerlisLarge Waves Damage Restaurant, Fish Landing Jetty In Bagan Datuk – APMKing Presented With Financial Statements Of Federal And State GovernmentsKuala Kedah Passengers Rush To Kuala Perlis For Last Ferry To LangkawiMedidata Recognized as a Leader in Everest Group’s Inaugural Electronic Data Capture PEAK Matrix® AssessmentJIM Sabah Assures Improvement Following Chief Secretary ReprimandGuangdong’s Bold Path To Global Trade: Announcing The 136th Canton Fair And The Free Trade Zone’s Role In ExpansionVeteran Composer Ooi Eow Jin Dies At 86Don’t Be Afraid Or Ashamed To Undergo HPV DNA Testing, Women ToldSESB To Execute Smart Meter Installation In Two PhasesGISBH Member Pleads Not Guilty To Threatening WomanMetMalaysia: Large Waves Hitting Penang, Pulau Pangkor UnusualKelantan Mulls Relocation Of Rantau Panjang Duty Free ZoneRinggit Maintains Uptrend Against US Dollar In Anticipation Of Fed Rate CutKing To Embark On State Visit To China Starting Sept 19Future Prospects, Welfare Of Rescued Children Discussed – Ahmad ZahidSMART Modular Technologies Introduces Flash Memory Drives with SEU Mitigation for Remote ApplicationsFBM KLCI Futures End Lower In Line With Cash MarketTeledyne Unveils The First 16k TDI Line Scan Camera With A 1-Megahertz Line Rate32 Cases Of Uprooted Trees Reported After Storm In SikBursa Malaysia Weaker In Early Trade, Tracking Wall Street’s Muted Overnight PerformanceMahkota Indian Community Hopes For Empowerment In Economy, EducationFBM KLCI Futures Declines In Early TradeWan Saiful Trial: Prosecution Witness Says Rm38,160 Deposited Into Sinar Karangkraf AccountRinggit Opens Easier Vs USD Ahead Of US Fed MeetingChina Open: Yew Sin-Ee Yi, Tang Jie-Ee Wei Clear First HurdleSlope protection structure ensures road safety in Leyte townTelok Gong Pollution: MACC To Act against Authorities If There Is Graft, Power Abuse – Azam BakiOver 8K workers in R6 recover P330-M in benefits through SEnARubber Market Ends Mixed In Tandem With Regional FuturesDA assures sufficient food stocks amid weather disturbancesKeluang Man Mural Brings Iconic Superhero To LifePCSO GM Robles elected to Asia Pacific lottery group’s exec bodyReligious Study Centre Chairman Pleads Not Guilty To Sexual Assault And Molestation ChargesBIR bans sale of cigarettes, vape products below floor priceKad Siswa Johor To Benefit 75,000 Students – MB19 families in Antique town temporarily resettledMalaysia, Tajikistan Strengthen Bilateral Ties – Ahmad Zahid
Fri. Sep 20th, 2024

AM Best Maintains Stable Outlook On China’s Non-life Insurance Segment


KUALA LUMPUR, Global credit rating agency, AM Best has maintained a stable outlook on China’s non-life insurance segment, citing several factors that include a supportive regulatory environment, increased health insurance awareness and strong growth potential in the electric vehicle (EV) insurance market.

Its ‘Market Segment Outlook: China Non-Life Insurance’ report notes that the segment’s solvency ratios under China Risk-Oriented Solvency System (C-ROSS) stabilised in 2023 and through the first half of 2024, following a decline in 2022.

According to AM Best in a statement, large Chinese insurers have been able to raise funds from the domestic debt capital market at favourable financing costs by issuing capital supplementary bonds in recent years.

The credit rating agency views this move as credit-positive and expects that as the capital market expands over time, investor confidence and risk appetite will grow.

‘AM Best expects large insurers to maintain their competitive advantage by leveraging more-ab
undant data, greater bargaining power in distribution networks and advanced actuarial analytics for more-accurate pricing and risk differentiation,’ said AM Best senior director, head of analytics, Christie Lee.

Additionally, premium in the health insurance segment has experienced notable growth, supported primarily by high-deductible, high-limit, medical reimbursement policies, often referred to as ‘million-yuan policies’.

Insurers also have introduced new products with enhanced coverage to meet evolving customer needs, such as tailored protection for subgroups of the population and changes in claims payment structures.

The rapid adoption and strong growth in EV sales have elevated the demand for EV motor insurance. According to the report, many insurers have been cautious in underwriting EV motor insurance due to higher loss frequency and claims costs, but China’s regulator has given insurers greater flexibility to adjust rates based on differentiated customer risk profiles.

This change should encourage
insurers to conduct a more-detailed analysis to better assess customer risks.

Source: BERNAMA News Agency

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