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惠誉调整亚太地区寿险行业评级展望至负面

Published 19/03/2020, 06:05 pm
© Reuters.

(The following statement was released by the rating agency) Fitch Ratings-Hong Kong-March 19: 本文章英文原文最初于2020年3月18日发布于：Fitch Ratings Revises Rating Outlook for APAC Life Insurance to Negative /a 惠誉评级表示，考虑到近期新冠病毒疫情爆发对亚太地区寿险公司信用质量造成的相关影响，惠誉已将该地区（包括中国、日本和韩国）寿险行业的评级展望从稳定调整至负面。 近几个月以来，寿险行业面临的不确定性大幅上升，因为金融市场受到严重干扰（可能会持续相当长一段时间），死亡率风险或将激增（严重程度在现阶段尚不明确）。 全球股票市场走低及利率下行将在短期内令寿险公司的盈利、准备金和资本金承压。长期而言，宏观经济环境的持续动荡可能会引发信用市场的进一步恶化，从而导致债券和贷款违约 频发，并加剧寿险公司的法定资本水平压力。 惠誉拟于近期对包括中国、日本和韩国在内的亚太地区受评寿险公司展开深入评估，其中包括确立新的基准和压力情形评级假设，以反映新冠病毒疫情带来的上述不确定因素。在此评 估过程中将优先考虑目前评级展望为正面的评级。此外，惠誉预期，部分评级展望为稳定的寿险公司将被调整为负面，而目前评级展望为负面的寿险公司短期内被调降的可能性较高。 惠誉预计，金融市场的冲击将在多个方面影响保险公司的财务指标，包括评估假设调整及与变额和指数年金相关的内含保证利率变化令准备金要求提高、净投资收益率及利差下降、对 冲成本攀升，及由于资产余额减少导致手续费收入降低。 拥有股票等高风险资产敞口的亚太寿险公司将最易受到金融市场波动的冲击。进一步降息将加剧资产和负债之间的期限错配，影响保险公司偿付能力的稳定性。此外，持有较高比例趸 交保单的保险公司将因新业务停滞引发业务增长放缓而产生现金流压力。 联系人: 刘思淇 高级董事 +85222639939 惠誉国际评级有限公司 香港中环德辅道中68号 万宜大厦19楼 Media Relations: Alanis Ko, Hong Kong, Tel: +852 2263 9953, Email: alanis.ko@thefitchgroup.com; Wai Lun Wan, Hong Kong, Tel: +852 2263 9935, Email: wailun.wan@thefitchgroup.com. 详情参见www.fitchratings.com 注意：本新闻稿为中文译本。如有疑问，请以英文版本为准。 ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. 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