Seguros Reservas earns A- rating from M Best for the second consecutive year

Santo Domingo, RD.- For the second consecutive year Seguros Reservas receives from the international rating agency AM Best rating A- (Excellent) in Financial Strength and A- (Excellent) in the Long-Term Issuer Credit Rating, both with a stable outlook.

The rating issued by the largest credit rating agency in the world, specialized in the insurance industry, reflects the robustness of the insurer’s balance sheet, which they evaluate as the strongest, both in its operational performance and in its business profile. neutral and in appropriate comprehensive risk management.

According to the assessment carried out, Seguros Reservas is supported by its risk-adjusted capitalization at the strongest level, as evidenced in the results of measurement by the Best capital adequacy index (BCAR).

Seguros Reservas continues to demonstrate optimal underwriting in a highly competitive market, reporting consistent profitability compared to its closest competitors. Likewise, investment income has remained stable, further contributing to the positive final results.

In 2022, fire insurance continued to be the company’s main line of business, representing 33% of gross premiums written, followed by automobile insurance (28%), life insurance (21%) and the rest ( 18%) in other lines of business.

Víctor Rojas, executive vice president of Seguros Reservas, stated that “This rating speaks of our solvency, the most desired characteristic by an insurance company, since it translates into reliability at all levels. This reality is possible thanks to our collaborators, policyholders, intermediaries, suppliers and other allies, because together we have created a real work connection that generates sustainable results every day and that assures us of a promising future.”

Seguros Reservas has a diversified portfolio of personal, general risk and vehicle insurance products, which according to AM Best positions it as one of the leading insurers in the Dominican Republic, with a market share of 16.3% as of September 2023.

To measure these results, AM Best carries out a comprehensive, quantitative and qualitative evaluation that includes comparisons with companies and industry standards, as well as evaluations of operating plans, philosophy and administration.

At Seguros Reservas, hard work, the focus on corporate efficiency and the mission of continuing to develop innovative products to meet the needs of its policyholders are the main axes that have allowed it to continue exhibiting stable growth, which is also evident in the rating. from Fitch Ratings AA+ (domain) and that have led the company to occupy position number 9 in the ranking of insurance companies in Central America published by Summa magazine.

About AM Better:

AM Best is the world’s largest credit rating agency specialized in the insurance industry, with 100 years of experience.

AM Best rating services evaluate the creditworthiness and/or report on more than 16,000 insurance companies worldwide. Credit ratings are independent, indicative and interactive, summarizing opinion of an insurance company’s ability to pay claims, debts and other financial obligations in a timely manner. Your comments, research and analysis provide additional information.

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