PACRA keeps IFS rating of Adamjee Life Insurance

KARACHI – The Pakistan Credit Rating Agency (PACRA) has maintained the Insurer Financial Strength (IFS) rating of Adamjee Life Assurance Company Limited (ALAC) at “A” (Single A). The rating denotes ALAC’s strong capacity to meet policyholder and contract obligations.
At the same time, risk factors are moderate and impact of any adverse business and economic factors is expected to be limited. The rating reflects Adamjee Life’s association with financially sound business groups – Nishat and Hollard. The rating draws comfort from the sponsors’ long established presence in the local and international markets.