Provident Insurance Corporation Limited has a Financial Strength Rating of B (Fair) as accorded by the international rating agency A.M. Best Company.

 

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 as at 31 March 2021 was:

 

Actual Solvency Capital $12.312m
Minimum Solvency Capital $   6.627m
Solvency Margin $   5.685m
Solvency Ratio 186%