Insurance Sector Ratings
ICRA’s Claims Paying Ability Ratings (CPRs) for insurance companies are ICRA’s opinion on the ability of the insurers concerned to honour policyholder claims and obligations on time. In other words, a CPR is ICRA’s opinion on the financial strength of the insurer, from a policyholder’s perspective. Following deregulation, a paradigm shift is expected in the domestic insurance sector as newer players and products enter the market. Given this scenario, ICRA expects its CPRs to be an important input influencing the consumer’s choice of insurance companies and products. ICRA’s Rating process involves analysis of an insurer’s business fundamentals and its competitive position, and focuses primarily on the insurer’s franchise value, its management, organisational structure/ownership, and underwriting and investment strategies. Besides, the analysis includes assessment of an insurance company’s profitability, liquidity, operating and financial leverage, capital adequacy, and asset/liability management method.
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z All

Company Name Sector Name Long Term Medium Term Short Term Issuer Outlook
Bajaj Allianz General Insurance Company Limited
Rationale / Rating Methodologies
Insurance iAAA -- -- -- --
ECGC Limited
Rationale / Rating Methodologies
Financial Institution iAAA -- -- -- --
HDFC ERGO General Insurance Company Limited
Rationale / Rating Methodologies
Insurance iAAA -- -- -- --
ICICI Lombard General Insurance Company Limited
Rationale / Rating Methodologies
Insurance iAAA -- -- -- --
ICICI Prudential Life Insurance Company Limited
Rationale / Rating Methodologies
Insurance iAAA -- -- -- --
SBI General Insurance Company Limited
Rationale / Rating Methodologies
Insurance iAAA -- -- -- --
SBI Life Insurance Company Limited
Rationale / Rating Methodologies
Insurance iAAA -- -- -- --
Tata AIA Life Insurance Company Limited
Rationale / Rating Methodologies
Miscellaneous iAAA -- -- -- --
Tata AIG General Insurance Company Limited
Rationale / Rating Methodologies
Insurance iAAA -- -- -- --
The Oriental Insurance Company Ltd.
Rationale / Rating Methodologies
Insurance iAAA -- -- -- --
United India Insurance Company Limited
Rationale / Rating Methodologies
Insurance * -- -- -- --