SINGAPORE, May 27 (Bernama-BUSINESS WIRE) -- A.M. Best has affirmed
the financial strength rating of A- (Excellent) and the issuer credit
rating of “a-” of Bangkok Insurance Public Company Limited (BKI)
(Thailand). The outlook for each rating remains stable.
The ratings reflect BKI’s strong risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio, good operating profitability and favorable business profile.
BKI’s gross and net underwriting leverage measures are lower than its local peers. Overall, BKI has maintained a good operating performance over the past three years with combined ratios below 90% and operating ratios below 80%, which outperformed the overall non-life market in Thailand. Furthermore, BKI’s business profile continues to benefit from its affiliation with Bangkok Bank, which has one of the largest corporate and retail customer bases in Thailand.
http://mrem.bernama.com/viewsm.php?idm=26888
The ratings reflect BKI’s strong risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio, good operating profitability and favorable business profile.
BKI’s gross and net underwriting leverage measures are lower than its local peers. Overall, BKI has maintained a good operating performance over the past three years with combined ratios below 90% and operating ratios below 80%, which outperformed the overall non-life market in Thailand. Furthermore, BKI’s business profile continues to benefit from its affiliation with Bangkok Bank, which has one of the largest corporate and retail customer bases in Thailand.
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