The FSR and Long-Term ICR reflect SCR’s solid risk-adjusted capitalisation, track record of strong technical performance and good domestic business profile in
SCR’s risk-adjusted capitalisation has improved in recent years to a solid level, following strong operating performance and reductions in net underwriting risks chiefly stemming from the end of the legally required cession of business written by direct insurers in
SCR has a track record of strong technical performance over recent years as evidenced by a five-year average (2011-2015) non-life combined ratio of 88% (as per A.M. Best’s calculation). The company experienced continued strong non-life technical performance in 2015, realising a non-life technical surplus of MAD 207 million (2014: MAD 206 million), driven by an improved loss ratio of 54% (2014: 56%), as calculated by
SCR has a good domestic business profile as the leading reinsurer in
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