LAHORE : The PACRA has upgraded the Insurer Financial Strength (IFS) rating of East West Insurance Company Limited (EWI) to ‘A’ (Single A) (previously A-). The rating denotes strong capacity to meet policyholder and contract obligations. The rating incorporates management’s prudent strategy - focused on a diverse mix of products and customers. This helped the company to sustain improvement in the, underwriting performance. Moreover, the investment management framework has been strengthened, whereby board investment committee has formulated a comprehensive investment strategy.
, and an experienced resource has been engaged to implement the same. This is expected to bode well for the bottomline of the company, going forward. At the same time, a focused approach would be adopted to enhance the liquidity-to-equity ratio from multiple sources available to the company The longevity of the company has been augmented through a consensus document among the sponsoring family members regarding the succession of key roles.