Jubilee Life has become the first life insurance company in the private sector to be assigned the Insurer Financial Strength (IFS) Rating of AA+ (Double A Plus). Outlook on the assigned rating is 'Stable'. This rating was assigned by the JCR-VIS Credit Rating Co Ltd. Building a strong financial capacity while maintaining a robust growth in business has led to a progressive upgrade in IFS ratings assigned to Jubilee Life over the years.
"The assigned IFS rating in only a testament of Jubilee Life's financial strengths, our capitalisation and exceptionally strong solvency levels demonstrate our strong capacity to meet policyholders' liabilities" said Javed Ahmed, Managing Director and Chief Executive Officer of Jubilee Life. "Continuing to follow a strategy of high growth in topline with sustainable profitability, Jubilee Life remains committed to being the best-value life insurance enterprise for its customers, employees, business partners, shareholders and the society" he added. Jubilee Insurance is a global brand of Aga Khan Fund for Economic Development (AKFED) that offers diverse insurance solutions (life, health and general) in the Asian and East African markets.-PR
Comments
Comments are closed.