SINGAPORE, Feb 29 (Bernama-BUSINESS WIRE) -- A.M. Best has affirmed
the financial strength rating of B (Good) and the issuer credit rating
of “bbb ” of National Insurance Company Limited (National) (India). The
outlook for both ratings is stable.
The ratings consider National’s strong risk-adjusted capitalization, overall profitability and strong presence in the non-life insurance market in India.
National’s ratings are supported by its strong risk-adjusted capitalization. Premium leverage remains moderate as continued overall profitability, supported by investment results, has helped the company to grow its capital. Its capital position stood at INR126 billion (USD 2 billion) at financial year-end 2015. National remains the second largest direct non-life insurer in India’s market.
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The ratings consider National’s strong risk-adjusted capitalization, overall profitability and strong presence in the non-life insurance market in India.
National’s ratings are supported by its strong risk-adjusted capitalization. Premium leverage remains moderate as continued overall profitability, supported by investment results, has helped the company to grow its capital. Its capital position stood at INR126 billion (USD 2 billion) at financial year-end 2015. National remains the second largest direct non-life insurer in India’s market.
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