SINGAPORE, Aug 26 (Bernama-BUSINESS WIRE) -- A.M. Best has affirmed the financial strength rating of B+ (Good) and the issuer credit rating of “bbb-” of Royal Insurance Corporation of Bhutan Limited (RICB) (Bhutan). The outlook for each rating is stable.
The rating affirmations reflect RICB’s adequate risk-adjusted capitalization, favorable operating performance and well-established presence in its domestic market. RICB maintains a dominant market profile as Bhutan’s only life insurer and also maintains a leading non-life market position with a two-thirds share of overall premium.
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