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Financial Strength
Insurance Companies (Ratings and Inspection) Act 1994
Provident Insurance Corporation Limited has a B++ Financial Strength Rating which was reaffirmed by AM Best Company on 27th July 2018.
The rating scale is:
|
Rating |
Explanation |
|
A++, A+ |
Superior |
|
A, A- |
Excellent |
|
B++, B+ |
Good |
|
B, B- |
Fair |
|
C++, C+ |
Marginal |
|
C, C- |
Weak |
|
D |
Poor |
|
E |
Under Regulatory Supervision |
|
F |
In Liquidation |
|
S |
Suspended |
Ratings from A to C also may be enhanced with a "++" (double plus), "+" (plus) or "-" (minus) to indicate whether credit quality is near the top or bottom of a category.
Solvency Standard for Non-Life Insurance Business
Provident Insurance Corporation Limited solvency capital for Non-Life Insurance for the 6 months ended 30 September 2018 is:
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