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AM Best Affirms Credit Ratings of Abu Dhabi National Takaful Company P.S.C.

Retrieved on: 
Friday, November 10, 2023
Insurance, Professional Services, ROE, Risk management, Risk, Credit, ADNTC, AED, AM Best, Growth, News, ALL, Legislation

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Abu Dhabi National Takaful Company P.S.C.

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Abu Dhabi National Takaful Company P.S.C.
  • The outlook of these Credit Ratings (ratings) is stable.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings .
  • For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

AM Best Affirms Credit Ratings of Abu Dhabi National Takaful Company P.S.C.

Retrieved on: 
Wednesday, November 2, 2022
Professional Services, Insurance, Finance, Credit, Acquisition, News, Industry, United Arab Emirates, AM Best, AED, Maintenance, Risk management, USD, Aman, History, AM, ADNTC, ALL, Insurance

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- (Excellent) of Abu Dhabi National Takaful Company P.S.C.

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- (Excellent) of Abu Dhabi National Takaful Company P.S.C.
  • AM Best considers the takaful regulations in the UAE to be sufficiently strong, given the protection it provides to policyholders.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
  • For information on the proper use of Bests Credit Ratings, Bests Performance Assessments, Bests Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Bests Ratings & Assessments .

AM Best Revises Outlooks to Stable for Abu Dhabi National Takaful Company P.S.C.

Retrieved on: 
Thursday, October 14, 2021
Professional Services, Insurance, Finance, AED, Industry, Risk, Credit, Islam, AM Best, AM, Insurance, GWC, ALL, News, Risk management, Investment, ADNTC, United Arab Emirates, Maintenance, Data

AM Best has revised the outlooks to stable from positive and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- (Excellent) of Abu Dhabi National Takaful Company P.S.C.

Key Points: 
  • AM Best has revised the outlooks to stable from positive and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- (Excellent) of Abu Dhabi National Takaful Company P.S.C.
  • The effect was more pronounced on the company's family takaful portfolio than on its general takaful portfolio, which remained stable over the year.
  • AM Best considers the takaful regulations in the UAE to be sufficiently strong, given the protection it provides to policyholders.
  • AM Best expects prospective risk-adjusted capitalisation to remain comfortably above the strongest threshold as the company executes its business plan.