Shinhan Life Achieves Highest 'AAA' Insurance Payment Ability Rating for 15 Consecutive Years

[Asia Economy Reporter Changhwan Lee] Shinhan Life announced on the 11th that it has received the highest insurance payment capability rating of ‘AAA’ from Korea Ratings.

This evaluation reflected strengthened sales capabilities after the merger, improved market position, and capital adequacy. Korea Ratings highly evaluated Shinhan Life’s excellent market position, asset management structure focused on safe assets, and profitability improvement due to the merger.

Based on strengthened sales capabilities such as channel diversification and effectiveness, it was expected to maintain an excellent market position. The proportion of protection insurance is increasing, and asset management is focused on safe assets, demonstrating excellent asset soundness and expected profitability improvement.

Korea Ratings forecast that despite the possibility of a decline in the RBC (Risk-Based Capital) ratio due to future interest rate increases, Shinhan Life will be able to maintain excellent capital adequacy.

Accordingly, it assigned the highest credit rating of ‘AAA/Stable,’ meaning that the long-term insurance payment capability is at the highest level and remains stable even in deteriorating conditions.

A Shinhan Life official said, “Receiving the highest rating from Korea Ratings, one of the top three domestic credit rating agencies, recognizes our ALM (Asset Liability Management) that meets global standards and strengthened value management activities,” adding, “Based on this, we will continue to provide the best service to customers through sustainable management.”

This content was produced with the assistance of AI translation services.