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Wednesday, December 11, 2024

Home Business Insurance company’s outlook solid despite economic slump

Insurance company’s outlook solid despite economic slump

by News desk
August 21, 2023
in Business

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The United Insurance Company (UIC) continues to enjoy a stable outlook despite the overall decline in economic conditions in the country, which is an achievement.

Pakistan Credit Rating Agency (PACRA) has maintained, while VIS Credit Rating Company has reaffirmed the Insurer Financial Strength (IFS) rating of United Insurance Company (UIC) at “AA+ (Double A Plus).

The rating signifies the strong capacity of the company to meet policyholders and contract obligations.
Risk factors are very low, and the impact of any adverse business and economic factors is expected to be very small.—NNI