Expert RA Confirmed Resonance Insurance Company Reliability Rating
OREANDA-NEWS. 'Expert RA' rating agency confirmed 'Resonance' Insurance Company reliability rating A, which means high reliability. The rating outlook changed from stable to developing (high probability of maintaining and changing the rating in the mid-term). The rating sub-level is three.
High deviation of the actual solvency margin from the standard one, the high current ratio, the low net loss ratio were highlighted among factors positive for the insurer's financial stability.
Such factors as low reliability and liquidity of the investment portfolio, the high combined net loss ratio and the high operating costs do not allow assigning a higher rating.
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