International Commercial & Engineering Seguros

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International Commercial & Engineering ICE Seguros, SA
  • International Commercial & Engineering Seguros
  • Year : Oct 2020
3 Tokens
USD 300.00
Summary

International Commercial & Engineering ICE Seguros, SA’s rating is underpinned by a solid financial profile, with very strong levels of capitalisation and liquidity offsetting moderately adequate, albeit volatile earnings. The rating is further supported by a sound market position, although this is partly diluted by very low levels of premium retention, thus limiting market share on a net basis.

Additional Information

The Stable Outlook reflects the insurer’s ability to withstand the adverse impact of weak earnings on its capital and liquidity positions over the rating horizon. Despite operating in the top tier of the Mozambique short term insurance market and being the third largest player with a gross market share of 12.9% in FY19, ICE’s market position is considered very limited on a net basis.

Related Publication

Seguradora Internacional de Moçambique (2015-03)

A Credit Rating report is a research report providing detailed analysis utilised by GCR in the accordance of a Credit Rating.

International Commercial & Engineering ICE Seguros, SA

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