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AM Best affirms Kuwait Insurance’s rating ‘A-’; outlook 'Stable'

AM Best affirms Kuwait Insurance’s rating ‘A-’; outlook 'Stable'
The ratings reflect the company's effective risk management

Mubasher: The US-based credit rating agency AM Best has affirmed the financial strength rating and long-term issuer credit rating of Kuwait Insurance Company at ‘A-’, with a 'Stable' outlook.   

The ratings reflect the insurance company’s robust financial position and its ability to fulfill financial commitments, according to a bourse statement on Sunday.   

Moreover, the ratings highlight the firm's solid budget, exceptional operational performance, and effective risk management.