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.