|By Carole Lovell|
|A.M. Best Company, Inc.|
The ratings and outlook reflect South China Insurance’s solid risk-adjusted capitalization and continued strong operating performance. The company also moderately improved its market presence in
South China Insurance’s risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio, remains sound and supportive of its current ratings.
Offsetting rating factors include the effect of soft market conditions on South China Insurance’s core motor business and the challenge of sustaining business growth in a continuing competitive market in
Future positive rating actions could occur if
The methodology used in determining these ratings is Best’s Credit Rating Methodology, which provides a comprehensive explanation of A.M. Best’s rating process and contains the different rating criteria employed in the rating process. Key criteria utilized include: “Understanding Universal BCAR”; “Catastrophe Analysis in A.M. Best Ratings”; and “Risk Management and the Rating Process for Insurance Companies.” Best’s Credit Rating Methodology can be found at http://www.ambest.com/ratings/methodology.
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