trending Market Intelligence /marketintelligence/en/news-insights/trending/LPUeAcpwg-ahubdGivW5gg2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

A.M. Best affirms Instituto Nacional de Seguros ratings

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 affirms Instituto Nacional de Seguros ratings

A.M. Best said March 31 that it affirmed the financial strengthrating of A- (Excellent) and the issuer credit rating of "a-" of CostaRica's Instituto Nacional de Seguros.

The outlook for the ratings remains stable.

The ratings reflect the insurer's strong capitalization, supportedby a comprehensive and adequate reinsurance program, good profitability and itsposition as the main insurer in Costa Rica with over 80% of market share, A.M. Bestsaid.

The ratings also consider the insurer's market characteristicsderived from the Insurance Law of 2008. This support, however, only guarantees insuranceoperations in Costa Rica while dependency on investment income and high operatingexpenses are still a drag on the rating, A.M. Best added.