AM BEST RELEASES FIRST COUNTRY-RISK REPORT ON 16 ASIA-PACIFIC INSURANCE MARKETS

KUALA LUMPUR, Nov 3 (Bernama) -- Global credit rating agency, AM Best has published the inaugural analysis of 16 countries in the Asia-Pacific region, encompassing markets with varying degrees of development and growth potential.

Published as part of its participation at the 2025 Singapore International Reinsurance Conference (SIRC), the analysis features exclusive content on seven countries in South/Southeast Asia, seven in Northeast Asia and two in Oceania.

AM Best’s in-depth analysis spotlights the implied levels of economic, political and financial system risks in each of these insurance markets. These country-risk factors are considered in the agency’s rating process, incorporating the country-specific factors that could adversely affect an insurer’s ability to meet its financial obligations.

An insurer’s ability to address, manage and mitigate its exposures to country risk is determined on a case-by-case basis and incorporated into the analysis of balance sheet strength, operating performance and business profile.

“Overall, the Asia-Pacific region’s insurers remain strong, reflected in steady growth across various markets, with additional capacity and opportunities for further expansion projected in the coming years.

“Although some countries face challenges, the insurance sector is on a robust growth trajectory, achieved through positive industry-wide regulatory developments and improving market practices,” said AM Best’s Singapore operations managing director and chief executive officer, Rob Curtis in a statement.

The report also provides an update on the current state of each country’s insurance market, regulatory and risk developments and natural catastrophe and climate risks, in addition to highlighting benchmarking analysis on AM Best-rated companies.

In addition to this benchmarking report, an overview of the performance assessment for Delegated Underwriting Authority Enterprises (DUAEs), which include managing general agents, coverholders and other similar entities, is included as well.

-- BERNAMA