Heritage Insurance Company Tanzania Ltd

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The Heritage Insurance Company Tanzania Limited
  • Heritage Insurance Company Tanzania Ltd
  • Year : Dec 2020
3 Tokens
USD 300.00
Summary

The Heritage Insurance Company Tanzania Limited’s (“Heritage Tanzania”) national scale financial strength rating reflects its strong financial profile, supported by very strong capitalisation and liquidity, as well as moderately strong earnings. These credit positives are, however, partially offset by a limited but recovering business profile. Risk adjusted capitalisation has been consistently maintained at very strong levels over the review period, underpinned by limited credit and market risk exposures.

Additional Information

The Stable Outlook reflects expectations of sustained financial profile strength, while factoring in the likelihood of earnings to moderate in the short term as a result of limited premium growth and interest rate cuts in response to the COVID-19 pandemic. Upward rating movement may follow a sustained improvement in earnings capacity and the business profile. Conversely, negative rating pressure may stem from a material reduction in earnings capacity.

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