Credit-Rating Assigns Brokbusiness Insurer Strength Rating of uaAins
OREANDA-NEWS. April 12, 2010. Credit-Rating, a nationally recognized credit rating agency in
The strength of insurance companies bearing uaAins rating is high, with their capacity, reputation and loyalty to customers being higher than those of Ukrainian companies assigned lower ratings, though they are more vulnerable to impact of adverse commercial financial and economic factors than the companies bearing uaA+ins rating. The probability of failure to timely make insurance payments/repay cumulated insurance amounts is lower than those in insurance companies with lower ratings.
The insurer strength rating exhibits the agency’s opinion regarding capability and willingness of an insurance company, which operates in
The insurer strength rating is assigned pursuant to the scale, which is specially developed for insurance sector. Thus, while assigning an insurer strength rating we make comparisons with
Factors maintaining the credit rating
Adequate quality and terms for settlements of losses under gradual decline in portion of claimed yet unpaid losses in company’s general reserves to 7.3% from 9% in 2009.
Retention of relative balance in the portfolio of raised insurance premiums under turbulence in the market.
Highly-liquid assets (cash and bank gold) which contribute to a half of the company’s asset balance as at early 2010.
Company’s low debt burden.
Company’s transparency and information openness
Factors constraining the credit rating
Necessity in further augmenting the company’s authorized stock, taking into account the structure of the company’s equity.
Risks of redistribution of the company’s resources neglecting priorities of insurance business, which is affected by company’s association with entities united under BROKBUSINESS brand.
Impact of adverse factors on the financial market and subsided business activities in certain sectors of economy, which may weigh on company’s key figures.
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