Moody’s affirms Kuwait Insurance rating, ‘Stable’ Outlook
Wednesday, 10 16 2019, Category: Rating, Country: Kuwait
Moody’s Investors Service has affirmed the credit rating of Kuwait Insurance Company at ‘A3’, with a ‘Stable’ Outlook. The credit rating indicates Kuwait Insurance’s solid capital level despite the high investment risks, in line with steady profitability that is backed by subscription with the outlook. The rating reflects the strong financial position Kuwait Insurance enjoys in the local market through its strong underwriting performance, the good and solid capital, and the sustainable subscription profitability by the end of 2018, the company said in a disclosure on Tuesday. Kuwait Insurance Company is considered the second largest insurance firm in terms of the instalments offered to public insurance services.