2021 A.M.Best : A(Positive)
A.M.Best Asia-Pacific Limited has affirmed the Financial Strength Rating(FSR) of 「A(Positive)」 and the lssuer Credit Rating(ICR) of
a+(Positive)」 of DB INSURANCE Company, Ltd.(DB)(South Korea)
The ratings affirmations reflect DB’s strong risk-adjusted capitalization, favorable market profile and improved operating performance.
DB’s risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio(BCAR), remained stable at a strong level in 2020. the company’s BCAR was supported by increasing capital and surplus, driven mainly by net profit retention. DB controlled its investment risks through a relatively conservative investment strategy, with a focus on asset/liability matching.
Moreover, DB has seen it’s market share, in terms of net premium written, continuously increase over the past five years. Notably, this market expansion did not come at the expanse of operating performance, which remained profitable and improved over the period.
With increasing risk in investment management in the face of uncertain financial market conditions, DB has enhanced its investment risk management capabilities in order to control risk exposure in both domestic and overseas markets.
In addition, the company set up a separate reinsurance program for overseas businesses, which has grown significantly in the five years.