OREANDA-NEWS. 'Expert RA' rating agency confirmed 'RIC' insurance company creditworthiness rating A, which means high reliability, the third sub-level, the developing rating outlook. The developing outlook means equal probability of changing and maintaining the rating in the mid-term.

The low combined net loss ratio, high insurance portfolio diversification as well as the low share of receivables in assets had a positive impact on the Company rating,” Olga Basova, Leading Expert, Insurance Companies Rating Division, 'Expert RA', said.

Reduction in insurance premiums, low RoA and RoE were regarded as negative factors. In addition, 27% of premiums transferred into reinsurance in 9 months 2013 were accounted for the companies without reliability ratings.