Professional Insurance Corporation Zambia Plc

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Professional Insurance Corporation Zambia PLC
  • Professional Insurance Corporation Zambia Plc
  • Year : Nov 2020
3 Tokens
USD 300.00
Summary

Professional Insurance Corporation Zambia PLC’s (“PICZ”) rating reflects the insurer’s sound business profile, balancing a strong competitive position in the domestic market with limited premium diversification. Furthermore, the financial profile is solid, given sound earnings, strong capitalisation and intermediate liquidity. The business profile is supported by the insurer’s strong competitive positioning.

Additional Information

The Stable Outlook reflects expectations that the insurer’s competitive position will be sustained at strong levels, while the business mix is not expected to change materially over the outlook horizon. Furthermore, earnings are expected to continue to support risk adjusted capitalisation and liquidity at rating sufficient levels, with GCR CAR expected to be maintained above 1.6x and coverage of net technical liabilities at around 1.5x.

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