Expert RA Confirms Ingvar Insurance Company Reliability Rating
OREANDA-NEWS. 'Expert RA' rating agency confirmed 'Ingvar' insurance company reliability rating В+, which means sufficient reliability, and changed the rating outlook from positive to stable. The stable outlook means high probability of maintaining the rating in the mid-term.
The low combined net loss ratio, the high current ratio, and the moderately high deviation of the actual solvency margin from the minimum share capital have a positive impact on the rating.
Low investment portfolio liquidity, its moderately low reliability, and a negative return on invested capital did not allow assigning a higher rating.