The rating incorporates strong sponsor support from Qatar based financial institutions having sound credentials, said the JCR-VIS report.
The rating takes into consideration the focus of the company on establishing a strong control environment, development of manuals and standard operating procedures (SOPs) and implementation of MIS, which has been deployed and tested in International Islamic Financial Institutions.
The report further mentions that the management team of Pak-Qatar General Takaful comprises dedicated, experienced, and qualified personnel with vast experience in insurance sector with a mindset aligned with the philosophy of Takaful and the vision of the company.
This rating indicates the company's institutional capacity and the technical competence to meet the participant and contract obligations.
Pak-Qatar General Takaful Limited, is in the process of spreading its geographical reach in the country and is quickly growing its corporate and individual customer base.
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Pak Qatar General Takaful assigned 'BBB+' rating
- Qatar: Saturday, June 20 - 2009 at 10:17
- PRESS RELEASE
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Pak-Qatar General Takaful Limited (PQGTL) has been assigned an initial Insurer Financial Strength (IFS) rating of 'BBB+' (Triple B Plus) by JCR-VIS Credit Rating Co. Ltd with a positive Outlook.
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Posted by Nadeen El AjouSaturday, June 20 - 2009 at 10:17 UAE local time (GMT+4)
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