24.07.2008, 20:31
Expert RA Gave Higher Rating to Guta-Strakhovanie
OREANDA-NEWS. July 24, 2008. The Expert RA rating agency has increased the rating of Guta-Strakhovanie to the A+ (very high credibility) level. The company’s increased activity (incremental assets in 2007 were 83.59%, insurance collections – 130.69%) was another high-rate contributing factor. The insurance portfolio growth was accompanied by notable decline of unprofitability and operative expenses, as well as the company’s stronger stand at the Russian insurance market. The agency makes a special note of thoroughly developed strategy in Guta-Strakhovanie. The insurer boasts well-recognized brand and high business repute. Its financial status features notable financial reserves and high liquidity. The company’s geographic diversification is adequate. The investment portfolio is highly liquid and investment-credible. “The credibility is impacted by high quality and diversification of re-insurance protection”, - says Aleksey Tersky, Expert RA, department of ratings of financial institutions.
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