Malayan Insurance Archives - InsuranceAsia News https://insuranceasianews.com/companies_category/malayan-insurance/ Sun, 11 Aug 2024 12:32:44 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 Malayan Insurance’s underwriting to benefit from portfolio measures, retail growth: AM Best https://insuranceasianews.com/malayan-insurances-underwriting-to-benefit-from-portfolio-remedial-measures-am-best/ Fri, 09 Aug 2024 06:00:45 +0000 https://insuranceasianews.com/?p=160182 The rating agency has affirmed its “B++” financial strength rating and “stable” outlook on the Philippines' non-life insurer.

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Malayan Insurance’s underwriting performance will be supported by ongoing portfolio remediation measures and growth in more profitable retail business segments, according to AM Best.
AM Best has affir...

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]]> Philippines proposes new 2% tax on non-life premiums: report https://insuranceasianews.com/philippines-proposes-new-2-tax-on-non-life-premiums-report/ Mon, 25 Sep 2023 04:39:43 +0000 https://insuranceasianews.com/?p=135103 The proposed new bill also aims to impose a one-time documentary tax stamp for insurance policies exceeding US$1,800.

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The Philippines, known for its high tax incidence among Asean nations, is looking to pass a paliamentary new bill for collecting a 2% tax on non-life insurance premiums, a report in Business World sai...

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]]> Malayan Insurance’s long-term issuer rating downgraded: AM Best https://insuranceasianews.com/malayan-insurances-long-term-issuer-rating-downgraded-to-bbb-am-best/ Mon, 04 Sep 2023 03:33:26 +0000 https://insuranceasianews.com/?p=133452 The largest Filipino P&C carrier's five-year average COR up 1.4 points at 102.8% with capital adequacy under negative pressure after increased net retention following changes to its 2023 reinsurance programme.

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AM Best has downgraded Filipino insurer Malayan Insurance’s long-term issuer credit rating to “bbb” (good) from “bbb+” (good), as well as affirmed the financial strength rating of B++ (good) and assig...

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