Fitch Ratings affirms the SCR rating
Fitch Ratings confirms its AAA(mar) financial strength rating of the Société Centrale de Réassurance (SCR) with a stable outlook.
In 2019, the Moroccan reinsurer reported a combined ratio of 85%: an improvement of 7 points compared to 2018.
The Return on equity (ROE) remains relatively high at 11%. As expected for the entire market, such a rate is likely to deteriorate in 2020 due to the pandemic.
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Tue, 30/06/2020 - 09:48
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