OREANDA-NEWS. Expert RA Rating Agency (RAEX) confirmed ERGO Russ insurance company rating A+ (“Very high level of reliability”), the third sub-level. The rating outlook is “stable”.

Positive influence on the rating level was exerted by high current liquidity and adjusted net insurance liquidity ratios, high rates of insurance premiums increment, high reliability of reinsurance coverage.

The negative technical result of CASCO (vehicle insurance against damage and theft) for 2013, high values of combined net loss ratio as well as low diversification of the insurance portfolio did not allow assigning a higher rating score.

Expert RA was evaluated and certified as satisfying to ISO 9001:2008 demands in the following areas: assigning and actualizing expert assessments; analysis of markets and companies, survey activity; organization of business-forums, conferences and round tables. Rating methods were approved by leading international audit-consultation companies: PricewaterhouseCoopers, Deloitte. Procedural quality and information confidentiality principles are confirmed by Accenture.

Expert RA is accredited at the RF Ministry of Finance. The Agency ratings are included in the list of official requirements to banks, insurers, pension funds, issuers. Expert RA ratings have been officially recognized by FSFM, Central Bank of Russia, Vnesheconombank of Russia, MICEX-RTS, Mortgage Crediting Agency, Deposit Insurance Agency, professional associations and self-regulating organizations: VSS, Russia Association, Strategic Initiative Agency, RSA, NAPF, NLU, NSG, NFA, and hundreds of companies and agencies in the period of bids and tenders.

Expert RA and its employees received more than 80 diplomas, awards and thank-you notes, including Financial Elite award for transparency increase at the financial market, Pension Fund of Russia diploma for objective industry coverage, Time of Innovation award for popularization of innovation activity, Golden Salamander award for high analytical quality at the insurance market and many others.