Factors that may have an impact on the claims paying ability of the company are discussed with the management. The rating team makes a presentation to the Rating Committee, covering the whole gamut of issues which could be critical in determining the claims paying ability. The rating assigned is communicated to the company along with the rationale. The company has the option to accept or not to accept the rating or request a rating review. ICRA would review the rating if supported by new facts arising from changes in the business environment or operating fundamentals.
All information obtained from the insurance company is kept confidential.