A.M. Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of \u201ca-\u201d of Lonpac Insurance Bhd (Lonpac) (Malaysia). The outlook of these Credit Ratings (ratings) is positive.<\/p>\n
The rating affirmations reflect Lonpac\u2019s strong risk-adjusted capitalization and very strong track record of operating performance. The company\u2019s risk-adjusted capitalisation is supported by a consistent and strong internal capital generation ability that has kept its underwriting leverage low.\u00a0<\/p>\n
Lonpac generates one of the highest underwriting margins in Malaysia\u2019s non-life market, and its performance has been very strong compared with its peers based on variety of measures.<\/p>\n
An offsetting rating factor is the transition to a liberalized market environment.\u00a0<\/p>\n
To maintain its very good profitability, Lonpac will need to develop and maintain strong pricing capabilities relative to the large international players that it competes against.<\/p>\n
Positive rating actions could occur if Lonpac is able to maintain its profitability as a phased liberalization of tariffs occurs. Downward rating actions could arise from weakening in profitability.<\/p>\n
\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"
A.M. Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of \u201ca-\u201d of Lonpac Insurance Bhd (Lonpac) (Malaysia). The outlook of these Credit Ratings (ratings) is positive. The rating affirmations reflect Lonpac\u2019s strong risk-adjusted capitalization and very strong track record of operating performance. The company\u2019s risk-adjusted capitalisation is […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[],"class_list":["post-1084","post","type-post","status-publish","format-standard","hentry","category-corporate"],"_links":{"self":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts\/1084","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/comments?post=1084"}],"version-history":[{"count":1,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts\/1084\/revisions"}],"predecessor-version":[{"id":6175,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts\/1084\/revisions\/6175"}],"wp:attachment":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/media?parent=1084"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/categories?post=1084"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/tags?post=1084"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}