Taipei: AM Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to ‘a+’ from ‘a’ and affirmed the Financial Strength Rating (FSR) of A of Shinkong Insurance Company Limited (Shinkong Insurance) in Taiwan. The outlook of the Long-Term ICR has been revised to stable from positive, while the outlook of the FSR remains stable.
According to BERNAMA News Agency, the credit ratings reflect Shinkong Insurance’s balance sheet strength, which AM Best assesses as very strong. The company also demonstrates strong operating performance, a neutral business profile, and appropriate enterprise risk management.