- Language: English
- 1493 Pages
- Published: March 2012
- Region: Global
Shinkong Insurance Co. Ltd. Dec 11
- Published: December 2011
- Standard & Poors
Strong liquidity Good market position Above-average equity exposure, including group-related investments Capitalization sensitive to equity investment exposures The ratings on Shinkong Insurance Co. Ltd. reflect the insurer's strong liquidity and good market position in Taiwan's non-life insurance market. Counterbalancing these is the insurer's above-average equities exposure, including that of its group-related investments. In addition, Shinkong Insurance's capitalization remains sensitive to its equity investment exposures. Shinkong Insurance's liquidity profile is strong in our view, with most investments held in highly liquid securities with satisfactory credit quality. The insurer's good underwriting performance also generates stable operating cash flows to meet the company's claim requirement. Shinkong Insurance maintains good market positions and an established franchise and distribution network in Taiwan's property and casualty...
Companies mentioned in this report are: Shinkong Insurance Co. Ltd.,Shin Kong Financial Holding Co. Ltd.
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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Shinkong Insurance Co. Ltd.,Shin Kong Financial Holding Co. Ltd.