Research Update: S&PCORRECT: Tawuniya/The Company for Coop Insurance Ratings Affirmed At 'A' On Insurance Criteria Change; Outlook Stable Aug 13
- Language: English
- Published: August 2013
Leading competitive position in the Saudi insurance market. Strong underwriting performance. Strong financial flexibility. Relatively aggressive investment profile. High dependency on developments in just one country, Saudi Arabia, and on two lines of business (medical and motor). The ratings on Saudi Arabia-based general insurer Tawuniya/The Company For Cooperative Insurance (Tawuniya) reflect the company's leading competitive position in the Saudi insurance market, its strong underwriting performance, and attractive prospects in the Saudi insurance market. However, these strengths are partially offset by the company's still relatively high exposure to market risk, as well as its high dependency on developments on just one country, Saudi Arabia, and two lines of business (medical and motor). Tawuniya is classified as a government-related entity (GRE) under...
Companies mentioned in this report are: Tawuniya/The Company for Cooperative Insurance,Saudi Arabia (Kingdom of)
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Research Type: Full Analysis
Tawuniya/The Company for Cooperative Insurance,Saudi Arabia (Kingdom of)