S&P Global Ratings assigns Oman Insurance positive outlook

S&P has reaffirmed the company's capital adequacy above the AAA level

  
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Dubai –  S&P Global Ratings has assigned Oman Insurance Company a positive outlook, based on its positive operating performance and improving capital base in the past two years, and affirmed the company's 'A-' rating.

The positive outlook reflects that the rating agency could raise Oman Insurance's ratings over the next two years if the company further fosters its operating performance while maintaining its market share and capital adequacy, according to a press release on Sunday.

Meanwhile, S&P has reaffirmed the capital adequacy of Oman Insurance above the AAA level based on their risk-based capital model.

The CEO of Oman Insurance, Jean-Louis Laurent Josi, said: "Oman Insurance is more than ever extremely financially solid, with local solvency at more than 250%, and an all-time high customer satisfaction."

Source: Mubasher

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