Dubai Insurance Co Receives Ratings Boost from AM Best
AM Best has recently upgraded Dubai Insurance Company (DIN)’s ratings significantly. Therefore, the Financial Strength Rating has been increased to an (Excellent) ‘A’ score from an (Excellent) ‘A-‘ score, while that of the Long-Term Issuer Credit Rating is currently rated ‘a’ (Excellent) up from ‘a-’ (Excellent). This shift in ratings from ‘Positive’ to them being ‘Stable’ highlights how much value AM Best places on DIN which has always demonstrated its ability through robust balance sheet strength, strong operating performance as well as having neutral business profile besides effective DIN has sustainably enhanced its business profile and upgraded ratings through strategic diversification of products as well as profitable growth. Through successful implementation of programs like Worker Protection Programme (WPP) and Involuntary Loss of Employment (ILOE) schemes, among others, DIN has diversified its business portfolio substantially. The successful roll-out of these products ha...