Expert RA Upgrades ISK Euro-Polis Reliability Rating
OREANDA-NEWS. 'Expert RA' rating agency upgraded 'Euro-Polis' insurance company reliability rating to A+, which means very high reliability, the third sub-level, the stable outlook. The stable outlook means high probability of maintaining the rating in the mid-term. The Company used to have rating A, which means high reliability, with the positive outlook.
The rating upgrading is due to stabilization of the premium growth rate. In addition, high insurance portfolio diversification and its low loss ratio are highlighted.
The high operating costs and the moderately high share of receivables in assets restrain the rating. In addition, the investment instrument reliability-related risk is estimated as low.
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