PACRA Maintains IFS Rating of Jubilee General Insurance Company Ltd

By MG News | Category Equity | December 07, 2018 at 10:01 AM GMT+05:00

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December 07, 2018 (MLN): Pakistan Credit Rating Agency (PACRA) has maintained IFS rating of Jubilee General Insurance Company Limited at ‘AA+‘ for long-term, with a stable outlook forecast.

According to the press release, the rating reflects Jubilee General's robust risk management framework facilitating the company in sustaining sound underwriting performance.

Furthermore, the rating recognizes the management's efforts of penetrating relatively untapped segments, reflected in its diverse premium mix.

The rating is dependent upon sustained competitiveness of the company with improvement in underwriting profitability. Sustaining the market share is crucial with consequent improvement in the liquidity. Meanwhile harnessing of claims management process is essential.

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