PGA Sompo earns AM Best ‘Good’ ratingsBy The Manila Timeshome/Business/Top Business/PGA Sompo earns AM Best ‘Good’ ratingsPGA Sompo Insurance Corporation earned “Good” ratings on two aspects of its operations from global rating agency AM Best, which focuses on the insurance industry worldwide. The global ratings agency cited PGA Sompo’s position as “strong.”AM Best added PGA Sompo’s balance sheet strength is underpinned by its risk-adjusted capitalization being categorized at the strongest level, as measured by AM Best’s Capital Adequacy Ratio. Other favorable balance sheet considerations include PGA Sompo’s affiliation with Sompo Japan Nipponkoa Insurance, Inc. (SJNK). In 2018, PGA Sompo enjoyed 18 percent business growth with the industry’s overall market growth of 7 percent. Harada attributed PGA Sompo’s vibrant movement to its longtime corporate clients and the Philippine government’s “Build, Build, Build” flagship infrastructure projects.

Source: Manila Times September 30, 2019 16:35 UTC