WINNERS GALLERY

Last month, DB Insurance (represented by Jeong Jong-pyo) saw an upgrade in its credit rating from the world’s largest credit rating agency, S&P (Standard & Poor’s). The rating was raised from A (Stable) to A+ (Stable), the first upgrade since 2018.

S&P revised its evaluation model for insurance companies’ risk-based capital analysis in mid-November last year, following the introduction of a new accounting system. Under this new evaluation model, DB Insurance’s strong fundamentals (economic basis), including sustained profit generation and capital stability, were highly assessed.

An official at S&P cited factors such as DB Insurance’s underwriting strategy, channel competitiveness, and ability to maintain high capital stability in the future, as key drivers behind the rating upgrade. They also mentioned the company’s comprehensive asset and liability management (ALM), which is expected to effectively manage capital volatility, even in interest rate fluctuation scenarios. This rating upgrade is anticipated to further enhance DB Insurance’s external credibility. It is also expected that DB Insurance may achieve the upgrade to ‘AA-’ rating by continuously strengthening profitability and capital stability in the future.

An official of DB Insurance stated, “We will continue to enhance financial stability and maintain a robust profit structure to build trust among domestic and international investors. Furthermore, we aim to evolve into a global insurance company pursuing a happier society alongside our customers.”