Old Mutual Short-Term Insurance’s credit rating affirmed

Kushatha Moswela
Kushatha Moswela

Global Credit Rating (GCR) has affirmed Old Mutual Short-Term Insurance Botswana’s national scale and financial strength to be stable based on the business’ financial strength underpinned by adequate capitalisation, growing earnings, adequate funding and liquidity of the business.

According to the 2021 GCR report, Old Mutual Short-Term Insurance Botswana national scale was rated AA while the country’s international financial strength was rated at BB and national scale financial strength was rated AA.

The rating hence reflects the business’ overall credit worthiness and resilient balance sheet. Old Mutual managing director, Kushatha Moswela said despite the local competitive landscape and an overall challenging year, GCR’s stable outlook reflects Old Mutual Short-Term’s efforts to improve its competitive position and grow its gross premiums.

Editor's Comment
Mind your health

They've repeatedly warned that hypertension, or high blood pressure, often termed a chronic lifestyle disease, is a silent killer. It's crucial for everyone to be aware of their health status. Nowadays, many companies host wellness days, offering free disease screenings to employees!Unfortunately, even with such services, some choose not to take advantage of the opportunity.The Dutch Reformed Church in Botswana recently organised a...

Have a Story? Send Us a tip
arrow up