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AM Best confirms the rating of Société Centrale de Réassurance

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Magazine Issue: 
Cyber risk insurance [3]
Magazine date: 
Dec 2022

Société Centrale de Réassurance (SCR)AM Best has affirmed the financial strength "B++" (good) and long-term credit "bbb" ratings of Société Centrale de Réassurance [4] (SCR) with a stable outlook.

According to the rating agency, the Moroccan reinsurer's results are solid, with an average combined ratio of 91.7% over five years (2017-2021) and a return on equity (ROE) of 13.7%.

SCR's strong position in the Moroccan market partially offsets its limited presence in the global reinsurance market [5]. In 2021, the company recorded 2.6 billion MAD (278.2 million USD) in written premiums, 75% of which were underwritten on the local market.

AM Best also commended the company's strong balance sheet and its appropriate enterprise risk management.

Tue, 20/12/2022 - 15:39

Source URL: https://www.atlas-mag.net/en/category/pays/maroc/am-best-confirms-the-rating-of-societe-centrale-de-reassurance

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[5] https://www.atlas-mag.net/en/article/global-reinsurance-market-2022-special-renewal