RAEX Confirms ASKO Insurance Group Reliability Rating
OREANDA-NEWS. Expert RA Rating Agency (RAEX) confirmed ASKO Insurance Group reliability rating A, which means high level of reliability. Rating sub-level is upgraded from the third to the second. The rating outlook is changed to "stable", which means the likelihood of mid-term rating stability is high. Previously the Company had the "developing" outlook.
Among positive factors one can highlight high liquidity and reliability of investment portfolio, low share of business expenses (32.9% for 9 months of 2014).
High loss ratios for certain basic types of insurance, negative technical result calculated less cumulative total on portfolio in general and on some basic types of activities did not allow assigning a higher rating score.
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