"On the other hand, the ratings are tempered by its moderate underwriting performance in the highly competitive general segment."
The full ratings report follows:
RAM Ratings Lanka reaffirms Janashakthi Insurance’s A-/P2 ratings RAM Ratings Lanka has reaffirmed Janashakthi Insurance PLC’s (Janashakthi or the Company) long- and short-term claims-paying-ability ratings at A- and P2, respectively; the outlook on the long-term rating remains stable. Janashakthi’s ratings are supported by its good competitive position, financial performance in the life segment and capitalisation levels. On the other hand, the ratings are tempered by its moderate underwriting performance in the highly competitive general segment.
Janashakthi is Sri Lanka’s third-largest general insurer, accounting for 11.98% of the industry’s g