China Taiping Insurance (HK) Co. Ltd. Dec 11

Standard & Poors, December 2011

Abstract
Strong capitalization Good market position Satisfactory investment profile Moderate albeit improving underwriting performance Above-market-average exposure to statutory liabilities in Hong Kong The rating on China Taiping Insurance (Hong Kong) Ltd. (CTI HK) reflects the insurer's strong capitalization, good market position within Hong Kong's competitive non-life insurance market, and satisfactory investment profile. The company's modest though improving underwriting performance, and its above market-average exposure to statutory liability classes moderate these strengths. We believe CTI HK's capitalization has strengthened after the company sold Ming An Insurance (China) Co. Ltd. (MAC; not rated). Our view is based on the modest size of CTI HK's Hong Kong operations compared to that of MAC. In the first half of 2011, CTI HK transferred about Hong...

Companies mentioned in this report are: China Taiping Insurance (HK) Co. Ltd.
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

China Taiping Insurance (HK) Co. Ltd.

Customers who bought this item also bought

• China Education Industry Outlook to 2012 - Evolving Hong Kong Higher Education Sector
• China Aged Care Service Industry Report, 2011-2012
• China Aged Care Service Industry Report, 2011-2012
• China Social Security Equipment & Supplies Mfg. Industry Profile - CIC3695
• China Postal Service Machines & Supplies Mfg. Industry Profile - CIC3693
• Developing Winning Strategies To Attract Postgraduate Students From China - Summary Report / International Students: Maximising the Potential from China - Segmenting Postgraduates from China
• China Security and Protection Industry Report, 2009-2010
• China Security and Protection Industry Report, 2009-2010
• Research on Online Education and Training Market in China, 2012-2017
• Research Report on Chinese Securities Industry, 2009