The rating agency improved its global reinsurance outlook to 'stable' from 'negative'.
The segment is highly important for many insurers.
AUM at the country's pension fund managers decreased only by 0.12% last month after having recorded a massive drop in October.
The Swiss giant's local unit does not have authorization to offer some of the lines that QBE currently sells.
The life insurance segment is growing at more than twice the speed of the whole industry, and yet penetration remains stubbornly low, according to insurer association AMIS.
Authorities advance towards eventual adoption of a risk-based supervision model.