BIC retains top rating

Global Credit Ratings (GCR) is a leading emerging market focused rating agency that rates the full spectrum of security classes, including Banks, Insurance companies, Corporate entities, Local Authorities, Asset Management companies, Funds and Structured Finance transactions.

GCR is headquartered in Johannesburg, and has several African and sub-regional offices globally. Botswana Insurance Company Limited (BIC) is pleased to announce that GCR has reaffirmed BIC’s national scale claims paying ability rating at AA-(BW), with the rating outlook maintained as “Stable”. The rating of AA- which constitutes the highest rating a short term insurer in Botswana currently can be accorded by CGR, is regarded as positive for BIC, as it emphasises the company’s positive strategic direction.

The rating was determined by BIC’s favourable position as the market leader in the short term domestic insurance arena, accounting for more than twice the average market premium. BIC has also displayed a robust level of risk adjusted capitalisation, which in anticipation of reasonably stable premium and investment mixes supports GCR’s favourable view of BIC’s future capital strength.

Editor's Comment
Congratulations Anicia Gaothuse!

The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...

Have a Story? Send Us a tip
arrow up