The Singapore Defense Industry - Competitive Landscape and Strategic Insights to 2016: Market Profile
- Published: May 2012
- Region: Singapore
Strong implicit support from the wider Tokio Marine group Good and liquid investment profile Adequate, though volatile, operating performance Weakened, but adequate, capitalization relative to risk profile Modest competitive position in Singapore and Malaysia's life insurance markets The rating on Tokio Marine Life Insurance Singapore Ltd. (TMLS) reflects the strong implicit support the company receives from its parent Tokio Marine & Nichido Fire Insurance Co. Ltd. (Tokio Marine; AA-/Negative/A-1+) and TMLS' strategically important role to the wider group's Asia expansion plans. The rating also reflects our view that TMLS has a good investment profile and adequate, though volatile, operating performance. Moderating these factors are the company's weakened, but adequate, capital position relative to its risk profile and its modest competitive...
Companies mentioned in this report are: Tokio Marine Life Insurance Singapore Ltd.
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Research Type: Full Analysis
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Tokio Marine Life Insurance Singapore Ltd.