Axinan Labuan Receives Good Rating

Philippine Rating Services Corporation (PhilRatings) has assigned a financial strength rating of PRS Baa plus, with a Stable Outlook, to Axinan Labuan Limited (Axinan). Axinan, which has a general insurance and reinsurance license from the Labuan Financial Services Authority (LFSA), is a subsidiary of Axinan Pte. Ltd. The latter operates under the brand Igloo and is one of Southeast Asia’s established digital insurance firms.