Pacra awards AA rating to IGI Insurance

Karachi: Pakistan Credit Rating Agency (Pacra) has maintained the Insurer Financial Strength (IFS) rating of IGI Insurance Limited at “AA” (Double A).

IGI Insurance Limited, one of Pakistan’s leading insurer has been rated “AA” by Pacra for the 12th consecutive year.

This rating denotes a very strong capacity to meet policyholder 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 company’s financial strength and profitability.

Jalees Siddiqi CEO of IGI Insurance acknowledged, “These ratings are a result of IGI Insurance’s continuous focus on customer focus, good corporate governance and excellent management practices. The ratings are recognition of our efforts.”

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