{"id":20489,"date":"2018-05-17T10:44:57","date_gmt":"2018-05-17T02:44:57","guid":{"rendered":"https:\/\/newcorpdemo-uat.cntaiping.sg\/?post_type=newsroom&p=20489"},"modified":"2025-05-14T11:09:34","modified_gmt":"2025-05-14T03:09:34","slug":"we-are-affirmed-a-rating-by-a-m-best","status":"publish","type":"newsroom","link":"https:\/\/www.sg.cntaiping.com\/en\/newsroom\/we-are-affirmed-a-rating-by-a-m-best\/","title":{"rendered":"We are affirmed “A” rating by A.M. Best"},"content":{"rendered":"\t\t
\n\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t
\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
\n\t\t\t\t
\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
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\tCONTACTS:
\nFaith Tan
\nFinancial Analyst
\n+65 6303 2017
\nfaith.tan@ambest.com\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\tChristopher Sharkey
\nManager, Public Relations
\n+1 908 439 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
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\tChi Yeung Lok
\nDirector, Analytics
\n+65 6303 5018
\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
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\tJim Peavy
\nDirector, 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
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\tSINGAPORE, May 17 , 2018\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
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\tThe ratings reflect CTIS\u2019 balance sheet strength, which A.M. Best categorizes as strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management. The ratings also reflect the lift the company receives from its parent, CTIH.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\tThe company\u2019s risk-adjusted capitalization, as measured by Best\u2019s Capital Adequacy Ratio (BCAR), is at the strongest level, supported by good asset quality and low underwriting leverages.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\tCTIS has a good earnings track record, as demonstrated by a five-year average return on equity of close to 10%. Income derived from its sizable investment portfolio has been a stable contributor to CTIS\u2019 operating results.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\tOffsetting rating factors include increasing negative pressure on operating performance amid soft market conditions and competitive pressures. While underwriting margins remain positive, CTIS\u2019 operating performance lead has narrowed and converged toward Singapore\u2019s non-life industry average over the past five years.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\tPositive rating actions are unlikely in the near term. Negative rating actions may occur from a failure to regain its operating performance lead over the industry average. An unfavorable reassessment of CTIS\u2019 strategic role in the group also could result in negative rating actions.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\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
\n\t\t\t\t
\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\u00a0Recent Rating Activity<\/a>\u00a0web page. For additional information regarding the use and limitations of Credit Rating opinions, please view\u00a0Understanding Best\u2019s Credit Ratings<\/a>.For information on the proper media use of Best\u2019s Credit Ratings and A.M. Best press releases, please view\u00a0Guide for Media Proper Use of Best\u2019s Credit Ratings and A.M. Best Rating Action Press Releases<\/a>.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\tA.M. Best is the world\u2019s oldest and most authoritative insurance rating and information source. For more information, visit\u00a0www.ambest.com<\/a>.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\tDirector, Public Relations\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":[10],"class_list":["post-20489","newsroom","type-newsroom","status-publish","hentry","news-category-corporate-activity","entry"],"acf":[],"yoast_head":"\nWe are affirmed "A" rating by A.M. Best China Taiping Insurance (Singapore) Pte Ltd<\/title>\n<meta name=\"description\" content=\"China Taiping Insurance helps create well-being in life with wide range of general insurance products including travel, motor, home, marine, hull insurance and more.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.sg.cntaiping.com\/en\/newsroom\/we-are-affirmed-a-rating-by-a-m-best\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"We are affirmed "A" rating by A.M. Best China Taiping Insurance (Singapore) Pte Ltd\" \/>\n<meta property=\"og:description\" content=\"China Taiping Insurance helps create well-being in life with wide range of general insurance products including travel, motor, home, marine, hull insurance and more.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.sg.cntaiping.com\/en\/newsroom\/we-are-affirmed-a-rating-by-a-m-best\/\" \/>\n<meta property=\"og:site_name\" content=\"China Taiping Insurance (Singapore) Pte Ltd\" \/>\n<meta property=\"article:modified_time\" content=\"2025-05-14T03:09:34+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.sg.cntaiping.com\/en\/newsroom\/we-are-affirmed-a-rating-by-a-m-best\/\",\"url\":\"https:\/\/www.sg.cntaiping.com\/en\/newsroom\/we-are-affirmed-a-rating-by-a-m-best\/\",\"name\":\"We are affirmed \\\"A\\\" rating by A.M. Best China Taiping Insurance (Singapore) Pte Ltd\",\"isPartOf\":{\"@id\":\"https:\/\/www.sg.cntaiping.com\/en\/#website\"},\"datePublished\":\"2018-05-17T02:44:57+00:00\",\"dateModified\":\"2025-05-14T03:09:34+00:00\",\"description\":\"China Taiping Insurance helps create well-being in life with wide range of general insurance products including travel, motor, home, marine, hull insurance and more.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.sg.cntaiping.com\/en\/newsroom\/we-are-affirmed-a-rating-by-a-m-best\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.sg.cntaiping.com\/en\/newsroom\/we-are-affirmed-a-rating-by-a-m-best\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.sg.cntaiping.com\/en\/newsroom\/we-are-affirmed-a-rating-by-a-m-best\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.sg.cntaiping.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Newsrooms\",\"item\":\"https:\/\/www.sg.cntaiping.com\/en\/newsroom\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"We are affirmed “A” rating by A.M. Best\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.sg.cntaiping.com\/en\/#website\",\"url\":\"https:\/\/www.sg.cntaiping.com\/en\/\",\"name\":\"China Taiping Insurance Singapore Pte Ltd\",\"description\":\"\",\"alternateName\":\"China Taiping Insurance Singapore\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.sg.cntaiping.com\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"We are affirmed \"A\" rating by A.M. Best China Taiping Insurance (Singapore) Pte Ltd","description":"China Taiping Insurance helps create well-being in life with wide range of general insurance products including travel, motor, home, marine, hull insurance and more.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.sg.cntaiping.com\/en\/newsroom\/we-are-affirmed-a-rating-by-a-m-best\/","og_locale":"en_US","og_type":"article","og_title":"We are affirmed \"A\" rating by A.M. Best China Taiping Insurance (Singapore) Pte Ltd","og_description":"China Taiping Insurance helps create well-being in life with wide range of general insurance products including travel, motor, home, marine, hull insurance and more.","og_url":"https:\/\/www.sg.cntaiping.com\/en\/newsroom\/we-are-affirmed-a-rating-by-a-m-best\/","og_site_name":"China Taiping Insurance (Singapore) Pte Ltd","article_modified_time":"2025-05-14T03:09:34+00:00","twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.sg.cntaiping.com\/en\/newsroom\/we-are-affirmed-a-rating-by-a-m-best\/","url":"https:\/\/www.sg.cntaiping.com\/en\/newsroom\/we-are-affirmed-a-rating-by-a-m-best\/","name":"We are affirmed \"A\" rating by A.M. Best China Taiping Insurance (Singapore) Pte Ltd","isPartOf":{"@id":"https:\/\/www.sg.cntaiping.com\/en\/#website"},"datePublished":"2018-05-17T02:44:57+00:00","dateModified":"2025-05-14T03:09:34+00:00","description":"China Taiping Insurance helps create well-being in life with wide range of general insurance products including travel, motor, home, marine, hull insurance and more.","breadcrumb":{"@id":"https:\/\/www.sg.cntaiping.com\/en\/newsroom\/we-are-affirmed-a-rating-by-a-m-best\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.sg.cntaiping.com\/en\/newsroom\/we-are-affirmed-a-rating-by-a-m-best\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.sg.cntaiping.com\/en\/newsroom\/we-are-affirmed-a-rating-by-a-m-best\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.sg.cntaiping.com\/en\/"},{"@type":"ListItem","position":2,"name":"Newsrooms","item":"https:\/\/www.sg.cntaiping.com\/en\/newsroom\/"},{"@type":"ListItem","position":3,"name":"We are affirmed “A” rating by A.M. Best"}]},{"@type":"WebSite","@id":"https:\/\/www.sg.cntaiping.com\/en\/#website","url":"https:\/\/www.sg.cntaiping.com\/en\/","name":"China Taiping Insurance Singapore Pte Ltd","description":"","alternateName":"China Taiping Insurance Singapore","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.sg.cntaiping.com\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/www.sg.cntaiping.com\/en\/wp-json\/wp\/v2\/newsroom\/20489","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.sg.cntaiping.com\/en\/wp-json\/wp\/v2\/newsroom"}],"about":[{"href":"https:\/\/www.sg.cntaiping.com\/en\/wp-json\/wp\/v2\/types\/newsroom"}],"author":[{"embeddable":true,"href":"https:\/\/www.sg.cntaiping.com\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sg.cntaiping.com\/en\/wp-json\/wp\/v2\/comments?post=20489"}],"version-history":[{"count":14,"href":"https:\/\/www.sg.cntaiping.com\/en\/wp-json\/wp\/v2\/newsroom\/20489\/revisions"}],"predecessor-version":[{"id":35949,"href":"https:\/\/www.sg.cntaiping.com\/en\/wp-json\/wp\/v2\/newsroom\/20489\/revisions\/35949"}],"wp:attachment":[{"href":"https:\/\/www.sg.cntaiping.com\/en\/wp-json\/wp\/v2\/media?parent=20489"}],"wp:term":[{"taxonomy":"news-category","embeddable":true,"href":"https:\/\/www.sg.cntaiping.com\/en\/wp-json\/wp\/v2\/news-category?post=20489"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}