HONG KONG, Aug 8 (Bernama-BUSINESS WIRE) -- A.M. Best has affirmed the financial strength rating of A (Excellent) and the issuer credit rating of “a” of Blue Cross (Asia-Pacific) Insurance Limited (Blue Cross) (Hong Kong). The outlook for each rating is stable.
The rating affirmations reflect Blue Cross’ strong risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), and favorable business profile as one of the leading insurers in the accident and health insurance market in Hong Kong, in particular the group medical segment. The company continued to improve its diversity in distribution channels and maintained profitable underwriting results in fiscal-year 2015 despite more difficult market conditions.
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