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A.M. Best Rating for QIIG

The rating agency A.M. Best has revised the outlook to positive from stable and affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “BBB+” of Qatar Islamic Insurance Group Q.P.S.C.

The ratings reflect QIIG’s balance sheet strength, which AM Best categories as very strong, as well as its strong operating performance, limited business profile and appropriate enterprise risk management. The revision of the outlook to positive reflects AM Best’s expectation that QIIG will continue to generate strong operating returns over the short to medium term.