OREANDA-NEWS. A.M. Best has affirmed the financial strength rating of A- (Excellent) and the issuer credit rating of “a-” of Emirates Insurance Company P.S.C. (EIC) (United Arab Emirates). The outlook for each rating remains stable.

The ratings reflect EIC’s strong risk-adjusted capitalisation, excellent business profile within the United Arab Emirates (UAE), and its track record of good technical and operating performance. An offsetting rating factor is the company’s concentrated investment portfolio, which is weighted towards domestic equities.