Pacra awards AA rating to IGI Insurance
KARACHI The Pakistan Credit Rating Agency PACRA has maintained the Insurer Financial Strength (IFS) rating of IGI Insurance Limited at AA (Double A), says a press release.
IGI Insurance Limited, one of Pakistans leading insurer, has been rated AA by PACRA for the 12th consecutive year. This rating denotes a very strong capacity to meet policy holder and contract obligations.
This ranking reflects IGI Insurance very strong risk absorption capacity emanating from a robust financial profile and stable underwriting performance. Meanwhile, a sizeable investment portfolio continues to fortify the companys financial strength and profitability.
Jalees Siddiqi CEO of IGI Insurance acknowledged, These ratings are a result of IGI Insurances continuous focus on customer focus, good corporate governance and excellent management practices. The ratings are recognition of our efforts.
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