KUALA LUMPUR, Oct 30 (Bernama) -- Global credit rating agency, AM Best has affirmed South Korea’s KB Insurance Co Ltd (KBI) financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (Excellent), with a stable outlook.
South Korea’s KB Insurance Ratings Affirmed Excellent - AM Best
South Korea’s KB Insurance Ratings Affirmed Exce
BE Bernama 
Key takeaways
AM Best affirmed KB Insurance's A (Excellent) financial strength rating and 'a' long-term issuer credit rating, citing strong balance sheets and parent support.
- KB Insurance's ratings reflect strong balance sheets and adequate operating performance.
- KBI's risk-adjusted capitalization is at the strongest level, with good market access.
- Profitability in long-term insurance faces pressure from rising claims and competition.
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- Bernama South Korea’s KB Insurance Ratings Affirmed Excellent - AM Best (this story)
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