Big Win! Goldstar Insurance Soars to AA Credit Rating, Sets New Standard

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Goldstar Insurance Company has received an extraordinary AA credit rating from the highly renowned Global Credit Rating (GCR).

This outstanding honor highlights the company’s ongoing dedication to financial strength and its important position in the insurance business.

The AA rating, as endorsed by GCR, speaks to Goldstar Insurance Company’s steadfast adherence to regulations and their dedication to risk management. It’s a resounding indicator of the company’s dependability and its ability to fulfill promises to policyholders.

Left to right, Mr Jay Sakaria, Asibat Mwambu and Enock Mudadi pose for a photo after a press conference

Jay Sakaria, the Chief Actuary at Goldstar, highlighted that this accolade not only solidifies customer loyalty but also paves the way for expanding their client base, promising growth and success for the future.

The company’s Chief Operations Officer, Enock Mudadi, emphasized Goldstar’s commitment to providing services that meet global standards. Their client base extends beyond local borders, encompassing multinational corporations and regional firms operating in Uganda.

Mudadi added, “Our aspiration is to provide globally acceptable services, and we’ve made it our mission to compare ourselves to worldwide standards.”

Enock Mudadi, the company’s Chief Operations Officer

Goldstar Insurance Company is not only focused on its internal excellence but also on educating the Ugandan population about credit ratings, even though it’s not mandated by the local insurance regulator. This proactive approach has been their commitment for the past decade.

In conclusion, the AA rating from Global Credit Rating (GCR) is a testament to Goldstar Insurance Company’s financial prudence and dedication to customer satisfaction.

It positions them as a standout performer in the insurance industry, offering stability and dependability to clients and investors. The future looks brighter than ever for Goldstar Insurance Company as it continues to build on this solid foundation.

Goldstar is one of the leading Insurance Companies in Uganda that provides all types of General Insurance services to industrial, commercial, professional firms, Government institutions, individuals and other enterprises throughout Uganda.

The Company is built on four pillars including; Strong and solid financial base, Sound reinsurance support and backing, Prudent underwriting, and Professional experienced skilled staff

The Company is located on Plot 38 Kampala Road, Crane Chambers. In case of inquiries, feel free to call them via +256 41 4250110 or marketing@goldstarinsurance.com

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