OREANDA-NEWS. June 03, 2010. The rating agency Expert RA has confirmed the А++ grade ("Exceptionally high reliability level") assigned to ROSNO Group (OJSC IC ROSNO and IC ROSNO-MS). The assigned rating demonstrates that in the short-term perspective it is exceptionally highly probable that the Group will timely fulfill all financial obligations, both the current ones and those arising in the course of its business. In the medium term, it is highly likely that the Group will perform its obligations even in case of substantial negative changes in macroeconomic and market indicators, reported the press-centre of ROSNO.  

The rating report issued by Expert RA notes that the insurance group ROSNO ranks among the leaders of the Russian insurance market. In 2009, according to the data provided by the Federal Insurance Supervision Department, OJSC IC ROSNO ranked 4th among the Russian insurers in terms of the volume of gross insurance premium collected (vs. 5th position in 2008), and OJSC ROSNO-MS ranked 2nd in 2009 in the OMI sector.

In the first 6 months of 2009, ROSNO ranked first in terms of insurance premium collected in the travelers’ insurance, financial risks insurance and professional liability insurance segments. The company entered the top five list of insurers in such segments as VMI, corporate and private property insurance, carrier’s liability insurance, and OMTPL.

Among the positive factors, the report mentions a low share of terminated contracts and the fact that ROSNO’s client base exceeds market average figures in the company’s basic insurance segments. The largest risks have been reinsured with prime-rated and reputable companies.

"The Group has a solid reputation among the insurance community. The company’s managers possess ample working experience and high business reputation. The Group’s brand is well-known among the population at the federal level. The company’s transparency level is viewed as high", states the report of Expert RA.