The Pakistan Credit Rating Agency (Pacra) has maintained Insurer Financial Strength rating of the United Insurance Company of Pakistan Limited at "A-" (Single A Minus).
Meanwhile, Pacra has also maintained the positive outlook assigned to the rating. The rating denotes strong capacity of meeting policyholders and contract obligations. At the same time, risk factors are moderate, and the impact of adverse and economic factors is expected to be modest.
The rating reflects the strong risk absorption capacity of the company emanating from a sound solvency position. The management is following a well-conceived business strategy leading to a robust underwriting performance.