Advertisement

Fitch Ratings: Bupa Insurance rated as A+

Fitch Ratings has affirmed Bupa Insurance financial strength rating at ‘A+’ with a stable outlook.

The rating rationale primarily reflects Bupa’s strong and stable underwriting profitability, which has held up comparatively well despite the challenging economic environment; solid capitalisation that is supportive of the current rating level; strong franchise and leading market position in the UK; and the low risk nature of the short-tail medical insurance class of business which can be re-priced in a timely manner in response to a deterioration in profitability. Offsetting these positives is the company’s reliance on a single line of business.

Given the company’s current lack of business line diversification evident in its almost complete reliance on medical insurance, Fitch does not anticipate an upgrade in the near future.

 

Features

Latest news

London Imaging Centre have introduced a new fast response phone consultation service

A recent report draws a definite link between foot pain and problems in the hips and knees

Three ways to remain active in later life are explored

Fitch Ratings: Bupa Insurance rated as A+
Advertisement
Advertisement
Connect with us on: