Moody's has confirmed Chubb Arabia Cooperative Insurance's "A3" financial strength rating with a stable outlook.
The rating reflects the company's good asset quality, supported by a conservative investment strategy.
The rating agency's decision is also justified by the Saudi insurer [4]'s strong profitability, demonstrated by a five-year average combined ratio of 78.2%.
Links:
[1] https://twitter.com/intent/tweet?url=https%3A%2F%2Fwww.atlas-mag.net%2Fen%2Fcategory%2Fpays%2Farabie-saoudite%2Fmoody-s-confirms-chubb-arabia-s-rating&text=Moody%27s+confirms+Chubb+Arabia%27s+rating
[2] https://www.linkedin.com/shareArticle?url=https%3A%2F%2Fwww.atlas-mag.net%2Fen%2Fcategory%2Fpays%2Farabie-saoudite%2Fmoody-s-confirms-chubb-arabia-s-rating&source=Atlas Magazine&mini=true
[3] https://www.atlas-mag.net/en/issue/atlas-magazine-n-204-october-2023
[4] https://www.atlas-mag.net/en/article/insurance-companies-in-saudi-arabia-ranking-2018