Sharp Daily
No Result
View All Result
Friday, October 17, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

GCR Rates Insurance Companies in Kenya with a Stable Outlook

Vincent Wangu by Vincent Wangu
July 10, 2023
in News
Reading Time: 1 min read
Courtesy of nation.africa.com

Courtesy of nation.africa.com

The Global Credit Rating (GCR) Company Limited has rated a number of insurance companies in Kenya, noting that all of them have a stable credit outlook.

Read more: Insurance Penetration In Kenya Remains Low At 2PC

A credit rating is the credit evaluation of an individual, organization, or government by measuring its ability to repay its debts in the short-term (Below one year) and long-term (Above one Year). A high credit rating is an indication that a company is very likely to repay its debt obligations without facing any difficulty.

Read more: Micro-Insurance Industry in Kenya

RELATEDPOSTS

No Content Available

Among the companies under review, ICEA Lion Insurance Holding and ICEA Lion General Insurance Company Limited had the highest credit score among the sampled insurance companies at AAA, with a stable outlook.

Read more: Insurance Companies Continue To Showcase Resilience

Other companies that were under review include East Africa Reinsurance Company Limited and Kenya Reinsurance Corporation Limited (Kenya Re), with both companies having a credit score of AA+, while Jubilee Insurance, Mayfair Insurance, and CIC Life Insurance have credit scores of AA-, A+, and BBB, respectively.

Read more: Kenya Reinsurance Corporation Announces Kshs 3.6 billion Net Profit

The GCR credit score ranges between AAA (the highest credit score) and CCC (the lowest credit score) on an International scale. Additionally, it uses modifiers such as + and – to compare the score within the country of residence of the company.

Email your news TIPS to editor@thesharpdaily.com

Previous Post

African Leaders Call for A New Financing Model During the Africa 50 Annual General Meeting Held in Togo

Next Post

Access Bank Raises Loan Interest Rates to 14.63%

Vincent Wangu

Vincent Wangu

Related Posts

News

Start Q4 strong with the Cytonn Money Market Fund

October 9, 2025
News

Kenya Q2’ 2025 GDP growth accelerates to 5.0%

October 3, 2025
News

Argentina’s crisis and Kenya’s lessons on political economy and market confidence

September 25, 2025
News

Kenya’s financial system remains stable but faces rising risks

September 25, 2025
News

Where do Kenyan stock returns come from? A napkin framework

September 19, 2025
News

September snapshot: CMMF yields 13.12% as month unfolds

September 5, 2025

LATEST STORIES

The Challenge of Preserving Retirement Savings in Kenya

October 16, 2025

Understanding Segregated vs Guaranteed Pension Schemes

October 16, 2025

The Sanlam-Jubilee deal

October 16, 2025

Kenya’s industrial real estate awakening

October 16, 2025

Stanbic Kenya in advanced talks to acquire NCBA: A game-changer in Kenya’s banking sector

October 16, 2025

CBK flags surge in financial fraud as losses triple to KES 1.6 billion

October 15, 2025

StanChart Kenya retirees face fresh legal stalemate over KES 7.0 billion pension payout

October 15, 2025

U.S. bank earnings take center stage amid government data freeze

October 15, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024