OREANDA-NEWS. ‘Expert RA’ rating agency confirmed ‘Gefect’ Insurance Company reliability rating A+, which means very high reliability. The rating outlook was changed from developing to stable.

Strong deviation of the actual solvency margin from the standard one, high current ratios and the net adjusted insurance liquidity ratio are highlighted among factors positive for the Insurer’s financial stability. The analysts also note the low net loss ratio, the low combined net loss ratio and the low payables-to-assets ratio. In addition, the analysts take a favorable view of reinsurance distinguished by high reliability and diversification and of the highly liquid investment portfolio.

The high operating costs, the high share of receivables in assets, low RoA and RoE were regarded as the rating-restraining factors.