In such a complex market, we believe that the finer details often make a big difference. That’s why we are passionate about providing a first class service, listening to our clients’ needs, and delivering straightforward solutions.
Financial institutions, Retailers, Cash and Carry operations, Armored Car and Cash in Transit Operators, Cash Vault Operators.
Polygon is underwritten by GENRIC Insurance Company Limited (FSP: 43638), an Authorised Financial Services Provider and licensed non-life Insurer.
In 2022, GCR Ratings has affirmed GENRIC’s national scale financial-strength rating of A-(ZA); with a Positive Outlook! This rating is an improvement from the previous rating, with the outlook revised from Stable to Positive.
The rating is underpinned by sustained improvement in earnings generation, quality growth, strengthening in liquidity, and strengthening risk adjusted capitalisation.
This means that GENRIC has strong financial security characteristics compared to other Insurers in South Africa. The Positive Outlook means that increased stability in key metrics is likely to be credit positive over the medium term (i.e. the rating symbol may be raised).
Follow the link to the rating announcement here