Custodian Life Assurance Limited

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Custodian Life Assurance Limited (2022-04)
  • Custodian Life Assurance Limited
  • Year : Apr 2022
3 Tokens
USD 300.00
Summary

The upward revision of Custodian Life’s national scale financial strength rating reflects the group’s strong financial profile, complementing an intermediate business profile. While the financial profile was boosted by strong capitalisation, earnings and liquidity metrics were somewhat constrained over the review period. The business profile is intermediate, with competitive strength counterbalanced by limited premium diversification.

Additional Information

The insurer’s primary activity is the provision of life insurance, such as those associated with death, disability and health liability. Custodian Life also provides a diversified portfolio of investment solutions to its customers. The Stable Outlook reflects our expectation that the group will continue to defend its competitive position despite the increasing competitive dynamics. We expect the insurer’s retail growth strategy to gradually improve premium diversification and earnings capacity. We also anticipate persistent internal capital generation to support capital growth.

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