A.M. Best Affirms Credit Ratings of iptiQ Life S.A.
The ratings reflect iptiQ’s balance sheet strength, which
iptiQ’s risk-adjusted capitalisation, as measured by Best’s Capital Adequacy Ratio, is assessed as strongest as at year-end 2016, benefiting from its low net underwriting leverage and conservative investment portfolio allocation. The company also benefits from very strong internal reinsurance support provided by the Swiss Re group and from regular capital injections from Swiss Re Ltd to support growth and cover operating losses in the company’s start-up phase. iptiQ was established in 2014 and underwrites primary life and health retail policies sold through distribution partners. Currently, the company has a limited market position and a concentrated portfolio in terms of products and distribution partners.
This press release relates to Credit Ratings that have been published on A.M. Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see A.M. Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and
Copyright © 2018 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
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