A.M. Best Assigns Credit Ratings to Ping An Health Insurance Company of China, Ltd.
The assigned ratings reflect Ping An Health’s sound risk-adjusted capitalization under recent capital strengthening, its diversified distribution channels (including affiliates’ distribution platforms and third-party online distribution channels), and the financial flexibility it receives from its two major shareholders, including public financial guarantees. The ratings also benefit from the business and operational support
Offsetting rating factors include historical weak operating performance due to intense market competition, the execution risk of an ambitious business plan, and the pricing risk from target growth products’ underlying loss ratio assumptions due to a short history of product experience.
Positive rating actions could occur if
Ratings are communicated to rated entities prior to publication. Unless stated otherwise, the ratings were not amended subsequent to that communication.
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 © 2017 by A.M. Best Rating Services, Inc. and/or its subsidiaries. ALL RIGHTS RESERVED.
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