06.02.2016, 16:30
NRA Assigns 'Financial Strength Rating to VTB Insurance LLC
OREANDA-NEWS. National Rating Agency has assigned its 'AAA' financial strength rating to VTB Insurance LLC. The outlook for the rating is Stable. It is the first time that VTB Insurance LLC is rated by NRA.
The rating reflects the high the level of commitment on the part of the company's owner, VTB Insurance's growing written premiums, well-developed regional network, profitable operating results and the reliable reinsurance capacities at the company's disposal.
The rating is constrained by VTB Insurance's concentrated business profile, with one customer accounting for 23% of written premiums, and declining solvency margin (at Sep. 30, 2015, actual solvency margin exceeded the regulatory minimum by 24.7% as a result of changes in the calculation method).
The rating reflects the high the level of commitment on the part of the company's owner, VTB Insurance's growing written premiums, well-developed regional network, profitable operating results and the reliable reinsurance capacities at the company's disposal.
The rating is constrained by VTB Insurance's concentrated business profile, with one customer accounting for 23% of written premiums, and declining solvency margin (at Sep. 30, 2015, actual solvency margin exceeded the regulatory minimum by 24.7% as a result of changes in the calculation method).
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