trending Market Intelligence /marketintelligence/en/news-insights/trending/84h-e1IRX22RYuuUt2cFtA2 content esgSubNav
In This List

Insurance ratings actions: Fitch affirms China Life; S&P acts on Doha Insurance

Blog

The Big Picture 2022 Insurance Industry Outlook

Podcast

Next in Tech | Episode 37: Insurance impacts on technology and vice versa

Case Study

A Prestigious Global Business School Gains a Competitive Edge

Video

S&P Capital IQ Pro | Unrivaled Sector Coverage


Insurance ratings actions: Fitch affirms China Life; S&P acts on Doha Insurance

S&P Global Market Intelligence compiles ratings actions in the insurance space daily through 5 p.m. ET. Actions after 5 p.m. ET will be included in the following day's roundup.

Europe

Fitch Ratings affirmed the AA- insurer financial strength ratings of Provinzial NordWest Lebensversicherung AG and Westfaelische Provinzial Versicherung AG.

The outlooks are stable.

The ratings reflect the agency's view of the companies as core entities of the Provinzial NordWest insurance group, which is considered an integral part of the German savings bank group Sparkassen-Finanzgruppe.

________________

Fitch affirmed the AA- insurer financial strength rating and A+ long-term issuer default rating of Zurich Insurance Co. Ltd., the main operating company of Zurich Insurance Co. Group.

The outlook is stable.

The affirmation reflects Zurich Insurance Co. Group.'s very strong business profile, solid and stable capital position, and very strong financial performance.

Middle East and Africa

S&P Global Ratings affirmed the A- insurer financial strength and issuer credit ratings of Doha Insurance Group QPSC.

The outlook is stable, reflecting S&P Global Ratings' view that Doha Insurance's capital adequacy will remain at the AAA level as measured by the rating agency's risk-based capital model.

The affirmation reflects the company's robust risk-based capital adequacy, which has a material buffer above the AAA benchmark. The rating reflects the company's status as one of the leading national insurers in Qatar.

Asia-Pacific

Fitch affirmed the A+ insurer financial strength rating and the A long-term issuer default rating of China Life Insurance Co. Ltd.

The outlook is stable.

The affirmation of China Life's ratings reflects its most favorable business profile, strong capitalization and earnings recovery.

This S&P Global Market Intelligence news article may contain information about credit ratings issued by S&P Global Ratings. Descriptions in this news article were not prepared by S&P Global Ratings.

Links are current as of publication time; S&P Global Market Intelligence is not responsible if those links are unavailable later.