01.12.2015, 22:33
Selecta Insurance Company Assigned Reliability Rating
OREANDA-NEWS. National Rating Agency (NRA) has assigned its first-time 'A-' reliability rating to Selecta Insurance Company LLC (Selecta).
The reliability rating is supported by Selecta's growing customer base, fast expanding regional network, fairly diversified insurance portfolio, comprehensive growth strategy, strong solvency margin and healthy instant liquidity.
These strengths are partially offset by the insurer's low market share, high combined ratio (134% for the nine months ended Sep. 30, 2015), and high level of immobilized assets (fixed assets account for 28% of the total assets).
The reliability rating is supported by Selecta's growing customer base, fast expanding regional network, fairly diversified insurance portfolio, comprehensive growth strategy, strong solvency margin and healthy instant liquidity.
These strengths are partially offset by the insurer's low market share, high combined ratio (134% for the nine months ended Sep. 30, 2015), and high level of immobilized assets (fixed assets account for 28% of the total assets).
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