OREANDA-NEWS. July 1, 2011. The international rating agency Standard & Poor`s confirmed the counterparty long-term credit rating and financial stability of Ingosstrakh OJSIC at the level of BBB- with the Stable forecast. The company's rating on the national scale is ruAA+.

As before, the ratings of Ingosstrakh OJSIC reflect the company's good competitiveness on the Russian market, the positive history of work of its management team, and adequate operating performance and capitalization. Along with these positive factors, the still high level of industry and country risks is taken into account.

The experts report that the level of qualification and the professional membership of the management team of Ingosstrakh OJSIC meet the international standards.

Standard & Poor’s notes than the insurer has a high competitiveness supported by such factors as over 60 year's experience of work on the market, the brand awareness, the extensive sales network and relatively low acquisition costs.

The rating agency considers the strategy of Ingosstrakh OJSIC aimed to preserve the leadership in the segments of life and retail insurance and to increase the company's market value to 10% by 2013 to be achievable.

In its official report Standard & Poor`s notes that Ingosstrakh OJSIC has an adequate capitalization. And the Stable forecast reflects the assumption of the agency's experts that the insurer will at least preserve its competitive position due to good management and will support proper operating performance.