MARC has withdrawn the A+ voluntary insurer financial strength rating assigned to Kurnia Insurans (Malaysia) Berhad (“Kurnia”) with immediate effect. The rating has been withdrawn at Kurnia’s request and accordingly MARC has no further rating obligations on Kurnia.Contact: Dr Yuen Boon Jching 03-2090 2249/ yuenbj@marc.com.my4th Sept 2008 ...

Kurnia Insurans (Malaysia) Berhad’s (Kurnia) financial strength rating has been reaffirmed at A+ to reflect the Company’s expanding share of the local general insurance market; its ability to maintain its leadership position in the motor insurance segment and the realization of its premium growth target. However, Kurnia’s high business concentration on motor insurance continues t...

Kurnia Insurans (Malaysia) Berhad’s (Kurnia) insurance financial strength rating has been affirmed at A+ to reflect the Company’s expanding share of the local general insurance market; its ability to maintain its leadership position in the motor insurance segment, realize its business strategies and improve its business operations; as well as its continuous efforts in introducing innovative p...

Kurnia Insurans (Malaysia) Berhad’s (Kurnia) general insurance strength rating has been upgraded to A+ to reflect the Company’s ability to maintain its leadership in the Malaysian motor insurance industry for the past eight consecutive years, realize its business strategies, improve its business operations, as well as its continuous success in introducing innovative products into the market. ...

The ‘A’ general insurance financial strength rating of Kurnia Insurans (Malaysia) Berhad (Kurnia) reflects the Company’s leading market position in the Malaysian general underwriting market, its strong business franchise, large distribution network and stringent claims controls. Moderating features include a high underwriting concentration in motor lines, the somewhat limitations of the Com...

MARC has affirmed the general insurance financial strength rating of Kurnia Insurans (Malaysia) Berhad (Kurnia) at A (single A flat) reflecting the company’s leading market position in the Malaysian market, its strong business franchise particularly in the motor insurance market, its large distribution network and stringent claims controls. Moderating features include a high underwriting concen...

MARC has affirmed the general insurance financial strength rating of Kurnia Insurans (Malaysia) Berhad (Kurnia) at A (Single A) based on the company’s leading market position, strong agency network, conservative investment strategy, tight premium accountability and stringent claims controls. A moderating factor is the high vulnerability of the motor business to adverse developments in the econo...