11 Insurers See Ratings Updates
November 13, 2012
Oriental recorded a reported surplus of INR 99 billion as at March 31, 2012, which dropped by about 3% over the previous year’s INR 103 billion. Oriental’s risk-adjusted capitalization, as measured by Best's Capital Adequacy Ratio (BCAR), also slightly weakened in fiscal year 2011 to 2012, predominantly as a result of an increase in the company’s insurance premiums and insurance liabilities higher than the growth in reported surplus. During the near-to-medium term, A.M. Best expects that the growth of Oriental’s capital and surplus will be supported by the company’s improving underwriting performance and consistent investment income. A.M. Best believes that Oriental's capitalization is adequate for its current rating level.
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