A.M. Best Europe Rating Services Limited has affirmed bbb+ issuer credit rating and financial strength rating of B++ of Life Insurance Corporation International (LICI).
These ratings reflect LICI’s healthy profit generation record and its special niche in the market. LICI enjoys a big share of life insurance market in the Gulf among the Indian expatriates living in the region.
LICI's present and future risk-adjusted capitalization is regarded as strong, as proved during the period of financial crisis. LICI showed a healthy resilience to negative market movements during the financial crisis. The corporation has a good record of delivering profits and have a positive future.
A.M. Best Europe Rating Services is a subsidiary of A.M. Best Company. A.M. Best was established in 1899. It is a credit rating organization committed to serve the insurance industry. Best's analysis and ratings are standard in evaluating the financial strength and trustworthiness of insuring companies.
