About Us

Laser Focus World is an industry bedrock—first published in 1965 and still going strong. We publish original articles about cutting-edge advances in lasers, optics, photonics, sensors, and quantum technologies, as well as test and measurement, and the shift currently underway to usher in the photonic integrated circuits, optical interconnects, and copackaged electronics and photonics to deliver the speed and efficiency essential for data centers of the future.

Our 80,000 qualified print subscribers—and 130,000 12-month engaged online audience—trust us to dive in and provide original journalism you won’t find elsewhere covering key emerging areas such as laser-driven inertial confinement fusion, lasers in space, integrated photonics, chipscale lasers, LiDAR, metasurfaces, high-energy laser weaponry, photonic crystals, and quantum computing/sensors/communications. We cover the innovations driving these markets.

Laser Focus World is part of Endeavor Business Media, a division of EndeavorB2B.

Laser Focus World Membership

Never miss any articles, videos, podcasts, or webinars by signing up for membership access to Laser Focus World online. You can manage your preferences all in one place—and provide our editorial team with your valued feedback.

Magazine Subscription

Can you subscribe to receive our print issue for free? Yes, you sure can!

Newsletter Subscription

A Laser Focus World newsletter subscription is free to qualified professionals:

The Daily Beam

Showcases the newest content from Laser Focus World, including photonics- and optics-based applications, components, research, and trends. (Daily)

Product Watch

The latest in products within the photonics industry. (9x per year)

Bio & Life Sciences Product Watch

The latest in products within the biophotonics industry. (4x per year)

Laser Processing Product Watch

The latest in products within the laser processing industry. (3x per year)

Get Published!

If you’d like to write an article for us, reach out with a short pitch to Sally Cole Johnson: [email protected]. We love to hear from you.

Photonics Hot List

Laser Focus World produces a video newscast that gives a peek into what’s happening in the world of photonics.

Following the Photons: A Photonics Podcast

Following the Photons: A Photonics Podcast dives deep into the fascinating world of photonics. Our weekly episodes feature interviews and discussions with industry and research experts, providing valuable perspectives on the issues, technologies, and trends shaping the photonics community.

Social Media

Bluesky • Facebook • Instagram • LinkedIn • YouTube

Meet the Laser Focus World Team

Editorial

Sales

Editorial Advisory Board

  • Professor Andrea M. Armani, University of Southern California
  • Ruti Ben-Shlomi, Ph.D., LightSolver
  • James Butler, Ph.D., Hamamatsu
  • Natalie Fardian-Melamed, Ph.D., Columbia University
  • Justin Sigley, Ph.D., AmeriCOM
  • Professor Birgit Stiller, Max Planck Institute for the Science of Light, and Leibniz University of Hannover
  • Professor Stephen Sweeney, University of Glasgow
  • Mohan Wang, Ph.D., University of Oxford
  • Professor Xuchen Wang, Harbin Engineering University
  • Professor Stefan Witte, Delft University of Technology
My Watchlist
Indicators
Industrial Laser Index
Markets
Stocks
ETFs
Tools
Markets:
Overview
News
Currencies
International
Treasuries

AM Best Revises Financial Strength Rating and Issuer Credit Rating Outlooks to Stable; Affirms Credit Ratings of Post-Telecommunication Joint Stock Insurance Corporation

By: via Business Wire

AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb” (Good) of Post-Telecommunication Joint Stock Insurance Corporation (PTI) (Vietnam). Concurrently, AM Best has affirmed the Vietnam National Scale Rating (NSR) of aaa.VN (Exceptional) of PTI. The outlook of the NSR is stable.

The Credit Ratings (ratings) reflect PTI’s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.

The revision of the FSR and Long-Term ICR outlooks to stable from negative reflects AM Best’s view that PTI’s balance sheet strength will remain at the strong level supported by the continued execution of capital management actions. PTI’s capital adequacy was subject to negative pressure following a material capital erosion in 2022 due to COVID-19 claims and a heightened exposure to higher-risk investments. Furthermore, a capital injection that was expected in 2022 did not materialise, which led to the company operating at thinner risk-adjusted capitalisation levels. Despite which, the company’s capital adequacy has shown a gradual improvement in recent years following successful capital management actions, which included full earnings retention and other ongoing remedial measures. Along with reducing its exposure to higher-risk investments, the company’s underwriting leverage also has reduced following portfolio restructuring efforts. As a result, the company’s balance sheet strength fundamentals are viewed to have stabilised. PTI’s risk-adjusted capitalisation, as measured by Best’s Capital Adequacy Ratio (BCAR), has shown a gradual and consistent improvement and is projected to remain at the strongest level over the medium term.

AM Best assesses PTI’s operating performance as adequate as demonstrated by a five-year weighted average return-on-equity ratio of 7.0% (2019-2023). The company’s underwriting performance returned to profitability in 2023 and over the first nine months of 2024 following tightened underwriting guidelines and portfolio restructuring. Ongoing remedial measures are expected to support a prospective improvement in the company’s loss experience, which was impacted negatively by the deteriorating results in the medical and motor lines in 2022 and 2023. In addition, PTI’s investment returns, consisting primarily of interest income, have been a relatively stable contributor to its overall earnings over the past five years.

PTI’s market share has reduced over the past two years due to business restructuring and tighter risk selection although the company still retains a competitive market position. The company’s key product lines are mainly short-tail personal insurance, namely, motor, health and personal accident. PTI also benefits from a wide distribution network and good relationships with distribution partners.

Ratings are communicated to rated entities prior to publication. Unless stated otherwise, the ratings were not amended subsequent to that communication.

This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings. For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments.

AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

Copyright © 2025 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

Contacts

More News

View More
3 Heavily Shorted Stocks That Could Pop on Rate Cuts
Via MarketBeat
Topics Artificial Intelligence Economy
Tickers ETSY SMR SOUN
Broadcom Gets Second $420 Target as CPO Win Boosts Outlook
Via MarketBeat
Tickers AVGO META
PepsiCo’s Deep Discount Will Soon Evaporate: Buy It While You Can
Via MarketBeat
Tickers PEP
Bargain Alert: DraftKings Is the Most Oversold It’s Ever Been
Via MarketBeat
Tickers DKNG
Constellation Brands: Buffett’s $2.2B Bet May Have Hit Bottom
Via MarketBeat
Tickers BUD STZ
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.