{"id":13877,"date":"2017-05-18T21:19:02","date_gmt":"2017-05-18T13:19:02","guid":{"rendered":"https:\/\/newcorpdemo-uat.cntaiping.sg\/?post_type=newsroom&p=13877"},"modified":"2025-05-14T11:09:13","modified_gmt":"2025-05-14T03:09:13","slug":"we-are-affirmed-a-rating-by-a-m-best-3-2","status":"publish","type":"newsroom","link":"https:\/\/www.sg.cntaiping.com\/en\/newsroom\/we-are-affirmed-a-rating-by-a-m-best-3-2\/","title":{"rendered":"We are affirmed “A” rating by A.M. Best"},"content":{"rendered":"\t\t
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\n\t\t\t\t\t\t\t\t\tChina Taiping Insurance (Singapore) Pte. Ltd. (CTIS) has been affirmed the financial strength rating of A (Excellent) and issuer credit rating of “a”. The outlook for each rating remains stable.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tA.M. Best Affirms Ratings of China Taiping Insurance (Singapore) Pte. Ltd.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tCONTACTS:
\nFaith Tan
\nAssociate Financial Analyst
\n+65 6589 8400, ext. 212
\nfaith.tan@ambest.com\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tChristopher Sharkey
\nManager, Public Relations
\n(908) 439-2200, ext. 5159
\nchristopher.sharkey@ambest.com\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tChi Yeung Lok
\nSenior Financial Analyst
\n+65 6589 8400, ext. 211
\nchi-yeung.lok@ambest.com\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tJim Peavy
\nAssistant Vice President, Public Relations
\n+(1) 908 439 2200, ext. 5644
\njames.peavy@ambest.com\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tSINGAPORE, May 18 , 2017\u2014 A.M. Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of \u201ca\u201d of China Taiping Insurance (Singapore) Pte. Ltd. (CTIS) (Singapore), a wholly owned subsidiary of China Taiping Insurance Holdings Company Ltd. The outlook of these Credit Ratings (ratings) is stable.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tThe ratings reflect CTIS\u2019 track record of strong earnings and solid risk-adjusted capitalization. CTIS has recorded good underwriting results despite challenging market conditions. With a leading market share in Singapore\u2019s bond insurance market, CTIS is able to offer product bundling with its profitable bond business,which has resulted in favorable claims experience. The company\u2019s operating performance has outperformed the industry average in each of the past years leading up to 2016.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tAn offsetting rating factor is CTIS\u2019 exposure to the construction industry, as claims experience could be impacted negatively by economic cycles in the construction sector. Furthermore, the company\u2019s expense ratio has been rising due to expenses incurred, as it grows in Singapore and across Southeast Asia.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tPositive rating actions are unlikely in the near term. Negative rating actions may occur if there is material deterioration of CTIS\u2019 risk-adjusted capitalization or operating results from expansion initiatives.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tRatings are communicated to rated entities prior to publication. Unless stated otherwise, the ratings were not amended subsequent to that communication.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tThis press release relates to Credit Ratings that have been published on A.M. Best\u2019s 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\u2019s Recent Rating Activity<\/a> web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best\u2019s Credit Ratings<\/a>.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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A.M. Best is the world\u2019s oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com<\/a>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

testing from expert<\/p>\n","protected":false},"author":3,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"ocean_post_layout":"full-width","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"0","ocean_second_sidebar":"0","ocean_disable_margins":"on","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"0","ocean_custom_header_template":"0","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"0","ocean_menu_typo_font_family":"0","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"0","footnotes":"","_links_to":"","_links_to_target":""},"news-category":[11],"class_list":["post-13877","newsroom","type-newsroom","status-publish","hentry","news-category-press-release","entry"],"acf":[],"yoast_head":"\nWe are affirmed "A" rating by A.M. 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