A.M. Best Comments on Credit Ratings of General Insurance Corporation of India

SINGAPORE–(BUSINESS WIRE)–A.M. Best has commented that the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of General Insurance Corporation of India (GIC Re) (India) remain unchanged. This comment on the company’s Credit Ratings (ratings) follows GIC Re’s recently published audited financial results for the year ending March 2017, which saw an 82% increase in gross premiums. This was considerably higher than the company’s projections. Most of the pre