SINGAPORE, Aug 24 (Bernama-BUSINESS WIRE) -- A.M. Best has affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” of Royal Insurance Corporation of Bhutan Limited (RICB) (Bhutan). The outlook of these Credit Ratings (ratings) is stable.
The ratings reflect RICB’s adequate risk-adjusted capitalization, established business profile within its domestic market and track record of strong operating performance. RICB is the larger of the two insurance companies in Bhutan, holding a dominant share of the country’s non-life market and a monopoly in its life insurance market.
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