Financial Institution Ratings co-head Sophia Lee said the industry’s strong capitalisation is sufficient to withstand headwinds, and while the economic impact of the health crisis is viewed as severe, it is seen as temporary and would gradually recover by year-end
PETALING JAYA: RAM Ratings Services Bhd has maintained its “stable” outlook on the Malaysian takaful industry for 2020 despite the economic slowdown, aggravated by the Covid-19 pandemic.
Its Financial Institution Ratings co-head Sophia Lee said the industry’s strong capitalisation is sufficient to withstand headwinds, and while the economic impact of the health crisis is viewed as severe, it is seen as temporary and would gradually recover by year-end.
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