In the time, the company's earnings were negatively affected in 2020, an increase in insurance premiums by SR 5.4 million, where the company expected that the net premiums gained will not be sufficient To cover claims and expenses.
> The company intends to complete the growth of insurance premiums by diversifying its products and distribution channels, but this may lead to some fluctuations in the results of the subscription.
According to Moody's; Market, (2) and improve its profitability so that levels of return on capital are more than 12% constantly and less than 90%, while maintaining their capital levels with a total of 2 times.
"The rating of Bruges company will be reduced if: (1) an ongoing decline in market share; (2) and / or low capital center, with a significant reduction in regulatory capital or increasing the total prospect for more than 3 times, or if credit quality is weakened for insurance for insurance; (3) and / or double the performance of subscription continuously, with a comparative proportion of more than 100% constantly; (4) and / or low quality invested assets with high risk assets tie ...
