Financial Institutions

Insurance
Name Date Rating Type Long Term Short Term Outlook Action
Alpha Insurance Company Limited 2/1/2024 IFS
A+ (IFS) Strong. Strong capacity to meet policy holders and contract obligations. Risk factors are low, and the impact of any adverse business and economic factors is expected to be small.
Stable Reaffirmed
Askari General Insurance Company Limited 2/29/2024 IFS
AA+ (IFS) Very Strong.Very Strong capacity to meet policy holders and contract obligations. Risk factors are very low, and the impact of any adverse business and economic factors is expected to be very small.
Stable Initial
Century Insurance Company Limited 12/27/2023 IFS
AA (IFS) Very Strong.Very Strong capacity to meet policy holders and contract obligations. Risk factors are very low, and the impact of any adverse business and economic factors is expected to be very small.
Stable Reaffirmed
Chubb Insurance Pakistan Limited 12/4/2023 IFS
AA+ High credit quality; Protection factors are strong. Risk is modest but may vary slightly from time to time because of economic conditions.
Stable Reaffirmed
EFU General Insurance Limited 1/3/2024 IFS
AA++ (IFS) Very Strong.Very Strong capacity to meet policy holders and contract obligations. Risk factors are very low, and the impact of any adverse business and economic factors is expected to be very small.
Stable Reaffirmed
EFU Health Insurance Limited (formerly Allianz EFU Health Insurance Limited) 11/23/2023 IFS
A (IFS) Strong. Strong capacity to meet policy holders and contract obligations. Risk factors are low, and the impact of any adverse business and economic factors is expected to be small.
Stable Downgrade
EFU Life Assurance Limited 12/29/2023 IFS
AA++ (IFS) Very Strong.Very Strong capacity to meet policy holders and contract obligations. Risk factors are very low, and the impact of any adverse business and economic factors is expected to be very small.
Stable Reaffirmed
IGI General Insurance Limited 12/22/2023 IFS
AA+ (IFS) Very Strong.Very Strong capacity to meet policy holders and contract obligations. Risk factors are very low, and the impact of any adverse business and economic factors is expected to be very small.
Stable Reaffirmed
Jubilee General Insurance Company Limited 12/4/2023 IFS
AA++ (IFS) Very Strong.Very Strong capacity to meet policy holders and contract obligations. Risk factors are very low, and the impact of any adverse business and economic factors is expected to be very small.
Stable Reaffirmed
Jubilee Life Insurance Company Limited 2/22/2024 IFS
AA++ (IFS) Very Strong.Very Strong capacity to meet policy holders and contract obligations. Risk factors are very low, and the impact of any adverse business and economic factors is expected to be very small.
Stable Reaffirmed
Pak-Qatar Family Takaful Limited 12/7/2023 IFS
A++ (IFS) Strong. Strong capacity to meet policy holders and contract obligations. Risk factors are low, and the impact of any adverse business and economic factors is expected to be small.
Stable Reaffirmed
Pak-Qatar General Takaful Limited 3/13/2024 IFS
A (IFS) Strong. Strong capacity to meet policy holders and contract obligations. Risk factors are low, and the impact of any adverse business and economic factors is expected to be small.
Stable Reaffirmed
Pakistan Reinsurance Company Limited 2/27/2024 IFS
AA+ (IFS) Very Strong.Very Strong capacity to meet policy holders and contract obligations. Risk factors are very low, and the impact of any adverse business and economic factors is expected to be very small.
Stable Reaffirmed
Reliance Insurance Company Limited 1/2/2024 IFS
A+ (IFS) Strong. Strong capacity to meet policy holders and contract obligations. Risk factors are low, and the impact of any adverse business and economic factors is expected to be small.
Stable Reaffirmed
Security General Insurance Company Limited 12/26/2023 IFS
AA+ (IFS) High credit quality; Protection factors are strong. Risk is modest but may vary slightly from time to time because of economic conditions.
Stable Reaffirmed
The Co-operative Insurance Society of Pakistan Limited 1/2/2024 IFS
BB+ (IFS) Marginal. Marginal capacity to meet policyholders and contract obligations. Though positive factors are present, risk factors are relatively high, and the impact of any adverse business and economic factors is expected to be significant.
Stable Reaffirmed
The United Insurance Company of Pakistan Limited 7/27/2023 IFS
AA+ (IFS) Very Strong.Very Strong capacity to meet policy holders and contract obligations. Risk factors are very low, and the impact of any adverse business and economic factors is expected to be very small.
Stable Reaffirmed
UBL Insurers Limited 12/19/2023 IFS
AA+ (IFS) Very Strong.Very Strong capacity to meet policy holders and contract obligations. Risk factors are very low, and the impact of any adverse business and economic factors is expected to be very small.
Stable Reaffirmed