Cigna has been rated "A" in the Risk Integrated Rating for 10 consecutive quarters.
2min read Recently, the comprehensive risk rating (IRR) classification regulatory assessment results for the second quarter of 2024 were released, and Cigna was rated AA in the comprehensive risk rating, which is the tenth consecutive quarter that Cigna has received the A-class risk comprehensive rating under the new regulations of Solvency II, fully demonstrating the company's continuous stable risk level and sufficient capital status.
Stable operation and maintaining a favorable asset structure
Cigna has always adhered to the concept of "value operation", strengthened the insurance protection function, and focused on customer needs to continuously consolidate its advantages and enhance digital capabilities. In the third quarter of 2024, the Company's premiums remained stable, with premiums exceeding RMB1.8 billion, and the annual cumulative premiums exceeded RMB7.1 billion; the asset scale exceeded RMB41.7 billion; the comprehensive solvency ratio was 199%, and the core solvency ratio was 142%; the average comprehensive investment yield over the past three years was 6.10%; the Company's risk comprehensive rating has been rated A for ten consecutive quarters under the Solvency II Phase II rules, and the latest evaluation of the operation of the legal person was A (the highest level); the 2023 consumer rights protection regulatory evaluation result was level B; the latest corporate governance regulatory assessment result was B, which fully demonstrates the Company's stable operation and comprehensive risk, including solvency, at a low risk level.
Diversified business layout to ensure steady development over the long cycle
Cigna has always maintained strategic determination, adhered to a stable and slightly positive risk preference, and continuously integrated it into various businesses and operational decisions. The Company is actively promoting product transformation to meet the growing wealth management needs of customers, focusing on developing dividend type floating income insurance products and building a sound sales system to support. At the same time, it consolidates its advantages in protection business, builds a comprehensive product system around life insurance, health protection, and creates optimized modules such as critical illness, medical insurance, term life insurance, and fixed term life insurance. In response to population aging, the Company enriches its product lines for the elderly, including pension annuities, special diseases for the elderly, nursing, and accidental insurance, to enhance its competitiveness in the elderly insurance market and expand its coverage.
In addition, Cigna centers on customers, dedicated to building a full "insurance+" ecosystem. Through "insurance+wealth management", "insurance+health", and "insurance+retirement", it continuously enriches scenario marketing tools and services, focusing on meeting customer needs in wealth management, retirement planning, health management, and education investment, and designing differentiated marketing solutions for customers.
In the future, the Company will adhere to the value operation orientation, strengthen the risk management system, deepen the insurance product's protection effectiveness, and strictly abide by the bottom line of compliance and risk control to pave the way for its continuous and stable development. Help customers prepare for the future, achieve financial protection, and enjoy the future! (CIS)