At the ARIG Conference we can talk to airlines about revenue integrity trends and needs.
ARIG (Airline Revenue Integrity Group) is an independent, non-profit organization that deals with revenue integrity in the aviation sector.
is the largest Arab owned re-insurer and comprises a team of qualified international insurance professionals.
Best's opinion, ARIG maintains a strong business profile in the Middle East, where it is recognized as a prominent regional reinsurer.
Best acknowledges management's efforts to improve its technical performance, the company's 2011 technical results, to date, are poor having been affected by the large catastrophe events, in particular the Thai floods, which management estimates will generate ARIG a loss of between USD 6 million to USD 10 million on a net basis.
Best believes ARIG has continued to enhance its enterprise risk management framework, which is on par with the company's regional reinsurance peers.
The outlook at the time of withdrawal was stable and reflected Standard & Poor's view that ARIG
will maintain surplus capital in excess of the 'AA' (very strong) level in 2009.
In the past, we covered the Saudi market through our Abu Dhabi offices; by having the proper infrastructure, personnel and the right partnership with a renowned Saudi group such as ARIG
, we believe we now have significant presence in the Saudi market," Mr.
The outlook at the time of withdrawal was stable and reflected S&P's view that ARIG
will maintain surplus capital in excess of the AA (very strong) level in 2009.
Best's opinion, ARIG keeps enhancing its risk management framework, the processes and analyses of which are validated by independent third parties.
In recent years, ARIG has been constantly focusing on the quality improvement of its reinsurance business portfolio, which resulted in a steady reduction of its combined ratio to below 100%, although the technical result remains on the borderline break-even level.
Runners up team ARIG
won six tickets to Dubai compliments of Bahrain-based Dadabhai Travel.