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AXA Insurance Singapore Pte. Ltd. Jul 02
Standard & Poors, July 2002
Abstract
The public information rating on AXA Insurance Singapore Pte. Ltd. (AXA Insurance) reflects the company's strengthened underwriting and operating performance, as well as its adequate capital profile. The rating is also supported by AXA Insurance's significant market share within the Singapore general insurance industry. Nevertheless, the company's management continues to face the challenge of operating in an environment that is still overcrowded and intensely competitive. AXA Insurance continues to maintain a significant business profile, ranking fourth-largest in Singapore in terms of direct written premiums, with about a 5.5% market share. Its key lines of business include motor, marine, casualty, and property; AXA Insurance's underwriting book is well distributed across these lines, and also between commercial and personal business. In 2001,...
Companies mentioned in this report are: AXA Insurance Singapore Pte. Ltd.,AXA
Action: Review
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
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