OREANDA-NEWS. 'Expert RA' rating agency assigned 'Itil' insurance company reliability rating В++, which means acceptable reliability. The rating outlook is developing, which means equal probability of changing and maintaining the rating in the mid-term.

The high current ratio, the low net loss ratio and the low combined net loss ratio have a positive impact on the rating. Significant deviation of the actual solvency margin from the standard one and the low commission fee is also typical of the insurer.

Such factors as the high loss ratio and a negative technical result in SMTPLI, the low ratio of settled claims to claimed losses in the Company's core insurance types, the high ratio of payables to assets, the high ratio of borrowings to equity, low reliability of investments and the reinsurance coverage did not allow assigning a higher rating. In addition, the small customer base and the narrow insurance portfolio geographic diversification were highlighted.