Asia Insurance News : To Improve Profitability Reinsurer Tightens Risk Monitoring

The company’s risk-based capitalisation (RBC) ratio decreased to 234 % by end-2021 (end-2020: 359%), therefore of weak profitability, but remained well above the 120% minimum regulatory requirement.

Fitch sees Marein’s capitalisation as ‘Good’. The reinsurer’s capital position was scored at ‘Somewhat Weak’ regarding Fitch’s Prism Factor-Based Capital Model using end-2021 financials.

The organization is focused to keeping the RBC ratio above 200% and it does not plan to issue debt in the medium term. Fitch anticipates that the insurer to should keep up with its capital buffer against underwriting risks, particularly during the COVID-19 pandemic.


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