Solid and Stable: Announcing NNAC “A” (stable) rating for 2022/23 year
Dear business partners
It gives me pleasure to announce that for the 2022 2023 year, NNAC’ s national scale financial strength rating has been reaffirmed at the level of ‘ A’ (along with a Stable Outlook). Our rating was assessed by Global Credit Ratings GCR), whose review was based on a comprehensive review of our performance metrics including our solvency, liquidity as well as earnings and business profiles Please use this rating for your marketing and retention strategies.
The non-life insurance industry has been beset with much volatility in recent years and so, in our 50th year of existence, I’m proud of what my team has been able to achieve in terms of consistency I believe it also underscores our credentials as the
largest black owned short term insurer in South Africa.
Our business has always been based on a partnership model, and on us being people you can talk to I thank you for the strong commitment you’ve shown over the past year in partnering with us.
We are people moving forward with purpose.