12 Sep 2016:
A M Best reaffirmed ‘A Excellent’ rating for Oman Insurance Company in its recent review on account of the company’s strong risk-adjusted capitalization and liquidity position.
According to A M Best, “Oman Insurance Company’s stable and diversified risk profile is adequately supported by a strong capital base. The company actively manages its capital requirements by de-risking its investment portfolio. Furthermore, its strong balance sheet strength is supported by excellent risk-adjusted capitalization, a very low-level of borrowing and excellent liquidity.”
Oman Insurance Company continues to maintain its market leadership across UAE; with well-diversified portfolios across both life and non-life business segments. OIC focuses on strengthening its business by adhering to effective management and corporate governance practices.
Christos Adamantiadis, Chief Executive Officer of OIC, expressed his pleasure on being rated ‘A Excellent’ by A M Best and cited OIC’s strategic initiatives to constantly outperform, lead through service and empower customers as key to their success.