Recognitions and Ratings
Agusto & Co, a top rating agency has released its rating result for 2015 on Linkage Assurance PLC and affirmed the Bbb- status on the Insurer. This rating reflects Linkage Assurance Satisfactory financial condition and adequate capacity to meet claims obligation as well as a “Stable Outlook “.
According to the Agency, the Insurer’s capacity to bear risk improved during the period under review. Linkage Assurance capital to net premium income stood at 717% indicating the insurer’s strong capacity to support business risks 7.2times in FY2013. Linkage’s Solvency margin of 764.4% (Q3 2014: 933.3%) also exceeded the regulatory minimum requirement of 15% and the Insurance Industry’s average of 198.3%.
The rating confirms Linkage has strong capitalization to support its underwriting risk. Linkage Assurance PLC as a General Business Insurer plays very well also in the Oil & Gas and Motor insurance market spaces of the industry.