The ratings on Asia Insurance Co. Ltd. (Asia Insurance) reflect its position as a major general insurer in the Singapore market, and the company's strong financial profile as characterized by its excellent capitalization, continued satisfactory underwriting, good operating performance, and prudent disciplined management. These strengths are moderated by the pressures on underwriting results arising from the difficult insurance environment and the high level of competition present in Singaporeùthe company's main operating market. Asia Insurance has a solid business profile supported by a comprehensive product range, a strong distribution network, and good geographical diversification. Asia Insurance is a multiline general insurer with operations in Singapore, Malaysia, and Brunei, as well as representation in Taiwan, Vietnam, and Myanmar. Singapore accounts for the
