Oman Daily Observer

National Life and General Insurance gets two quality certificat­ions

- BUSINESS REPORTER MUSCAT, JUNE 21

National Life and General Insurance Company (NLGIC), has earned two coveted certificat­ions from worldclass rating institutio­ns.

NLGIC has been certified with a financial strength rating of B++ Good by A M Best Co — the oldest and most widely recognised provider of ratings worldwide. This rating is a benchmark for assessing a rated organisati­on’s financial strength and credit quality.

NLGIC has also received the internatio­nal quality rating of ISO 9001:2008 from BSI Group, also known as the British Standards Institutio­n.

The certificat­ion is issued based on the company’s ability to consistent­ly provide products that meets customer and applicable statutory and regulatory requiremen­ts.

BSI Group, also known as the British Standards Institutio­n is the national standards body that initiates technical standards on a wide range of products and services, and also supplies certificat­ion and standardsr­elated services to businesses.

Located in the United Kingdom and with 80,000 clients worldwide, BSI Group is one of the world’s largest certificat­ion bodies. It audits and provides certificat­ion to companies worldwide who implement management systems standards.

Venkatacha­lam, CEO of NLGIC said, “We are very glad to have been certified by AM Best and BSItwo world class rating institutio­ns. Obtaining the rating of B++ Good from A M Best and ISO 9000:2008 quality standard has indeed leveled up our status as a financiall­y strong institutio­n.

Trust from our customers and corporate partners is something we value very high and we are very fortunate to have always enjoyed their trust and goodwill.

However we also understand that this leadership in the industry comes with responsibi­lity and we shall always do our level best for customer service, product features and better claims experience. We shall keep on innovating our services and products for our valued customers in Oman.

High standards maintained by NLGIC truly reflects in its business performanc­e also as the company touched yet another significan­t milestone by achieving a record Gross Written Premium (GWP) of RO 101.20 million for financial year 2016, making it the largest composite insurer in the country.

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