trending Market Intelligence /marketintelligence/en/news-insights/trending/JkvG1c73yLElmil72lK0fA2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

A.M. Best Removes From Under Review With Negative Implications and Affirms Credit Ratings of Arab Orient Insurance Company

Infrastructure Issues: Tools to Dig Deep on Potential Risks

Part Two IFRS 9 Blog Series: The Need to Upgrade Analytical Tools

2018 US Property Casualty Insurance Market Report


Fintech Funding Flows To Insurtech In February

A.M. Best Removes From Under Review With Negative Implications and Affirms Credit Ratings of Arab Orient Insurance Company

A.M. Best has removed from under review with negative implications and affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of "bbb" of Arab Orient Insurance Co. (gig Jordan) (Jordan). The outlook assigned to these Credit Ratings (ratings) is negative.

The ratings reflect gig Jordan's balance sheet strength, which A.M. Best categorises as strong, its adequate operating performance, neutral business profile and marginal enterprise risk management (ERM). The ratings also factor in the financial strength of gig Jordan's parent company, Gulf Insurance Group KSCP (GIG), due to its strategic importance to the group. The negative outlook reflects gig Jordan's declining operating performance, which, if not rectified in 2018, may lead to negative rating action.

In June 2017, gig Jordan's ratings were placed under review with negative implications, following the correction of an IT system calculation error that impacted operating performance in 2016 and the first-quarter 2017 performance. This consequently led to a significant decrease in the company's regulatory solvency position. In November 2017, gig Jordan received a loan from GIG, which boosted its solvency level, and as a result, the company is expected to meet regulatory capital requirements at year-end 2017.