The ratings reflect BEA Life’s adequate balance sheet strength, favorable operating performance and the benefits it receives from its strong affiliation with The Bank of East Asia.
Offsetting these positive rating factors is BEA Life’s relatively high concentration of savings-type life insurance policies. This may expose the company to interest rate spread pressure or constrain its growth prospects if the low interest rate environment prevails.
Ratings are communicated to rated entities prior to publication. Unless stated otherwise, the ratings were not amended subsequent to that communication.
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