i.e. Muhanna Group

As the new millennium begins insurance firms face a new and challenging global business environment.

Rating is a tool aimed at understanding and improving business processes and performance. It is concerned with assessing aspects of a company’s performance, its processes, procedures and methods and comparing these with other companies in order to gain insights and to identify opportunities for making improvements. Ratings are opinions and not recommendations. Ratings can be used as a good benchmark of quality, a provision of a “common” standard of comparison, indicators of likelihood of payment of obligations.

A rating assigned by i.e. Muhanna & co. is our opinion of an insurance company’s future ability to make timely settlement of obligations incurred in accordance with the insurance policies issued by that company under a range of different economic conditions and regulatory matters. Our focus on the insurance sector evaluates how the various economic and political forces in the country affect the insurance environment. The ratings are based on the overall health and financial condition of the rated company on a consolidated basis. The ratings combine claims- ability risk with performance risk.

Ratings are based on information provided by the insurer, which may include published accounts or financial returns, public debt or share issue documents, third party exposure, regulatory regime, local economic conditions, press release, questionnaires answered by the company and etc.

Rating is now widely adopted for bringing about business performance improvements through an understanding of best practice standards and processes. As we into the next century, i.e. Muhanna & co. expects the competitive climate for the world’s insurers to intensify further as the globalization of financial markets and growing investor sophistication will help drive the move to stronger, well-capitalized entities. Pressure is placed on the insurance company to not only maintain a conservative capital level to meet the potential needs of the policyholder but also achieve acceptable returns on equity. Few will rise to the challenge; many will suffer decline.

As the only independent corporate firm in the Middle East and South East Europe, i.e. Muhanna & co. offers rating and consulting services assisting organizations to meet their goals. Our team of professionals has the capacity to handle sophisticated and specialized tasks with technical expertise and knowledge of local needs.