GCR withdraws UAP Kenya’s national scale financial strength rating without review
Nairobi, 10 May 2022 – GCR Ratings (“GCR”) has withdrawn UAP Insurance Company Limited’s (“UAP Kenya”) national scale financial strength rating of A-(KE). The rating has been withdrawn without review, as no additional analysis was performed. The withdrawal was due to commercial reasons. Accordingly, GCR will no longer provide ratings or analytical coverage on the issuer. The rating was last reviewed in October 2021.
Rated Entity / Issue
UAP Insurance Company Limited
Analyst: Insurance Ratings
+254 73 218 8669
Deputy Sector Head: Insurance Ratings
+27 11 784 1771
Related Criteria and Research
Criteria for the GCR Ratings Framework, January 2022
Criteria for Rating Insurance Companies, May 2019
GCR Ratings Scales, Symbols & Definitions, May 2019
GCR Country Risk Scores, December 2021
GCR Insurance Sector Risk Scores, March 2022
UAP Insurance Company Limited
Claims paying ability
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