PACRA MAINTAINS IFS RATING OF

INTERNATIONAL GENERAL INSURANCE CO. OF PAKISTAN (IGI)

 

Lahore: August 09, 2004

The Pakistan Credit Rating Agency (PACRA) has maintained the Insurer Financial Strength (IFS) Rating of International General Insurance Company of Pakistan Limited (IGI) at ‘AA' (Double A). The rating denotes a very strong capacity to meet policyholder and contract obligations.

The rating reflects the sound financial base and solvency position of the company, complemented by its rich investment portfolio having considerable revaluation surplus. The rating also takes into account the management's conservative underwriting policies and the stable nature of relatively low risk premium generation from associated companies.