OREANDA-NEWS. 'Expert RA' rating agency upgraded 'Independent Insurance Group' (Insurance Company) reliability rating to А+, which means very high reliability. The rating sub-level is three. The rating outlook is stable, which means high probability of maintaining the rating in the mid-term. The Company used to have rating A, which means high reliability, the second sub-level, the stable outlook.

In addition, low operating costs, the low ratio of receivables and payables to assets, as well as high reliability of reinsurance coverage and investments had a positive impact on the Company reliability rating.

The Company's high dependence on its major customers, low diversification of its insurance and investment portfolios were highlighted as the rating-restraining factors. Non-availability of the Company's written development strategy and risk management regulations were also regarded as negative factors.