Solid business profile. Strong capitalization position. Consistent operating profitability. Above industry average exposure to poorly performing motor business. Competitive operating environment in the domestic market. The ratings on The Asia Insurance Co. Ltd. reflect the company's strong financial profile, characterized by strong capitalization relative to the risks underwritten, consistent operating profitability, conservative reserving practices, and strong liquidity position. The company's core status within the Asia General Holding Company Group and its market position as a major general insurer in Singapore also underpin the ratings. In addition, the company's technical performance is improving, as earlier rehabilitative measures adopted are bearing fruit. These strengths are, however, moderated by Asia Insurance's above industry average exposure to the poorly performing motor business, although the
