OREANDA-NEWS. 'Expert RA' rating agency confirmed 'Severnaya Kazna' insurance company reliability rating A, which means high reliability. The rating sublevel was downgraded from the second to the third. The rating outlook changed from stable to developing, which means equal probability of changing and maintaining the rating in the mid-term.

The Company's share capital increase, low operating costs, low net loss ratio and combined net loss ratio are among the positive factors.

The Company's high exposure to stock exchange risks, many refusals in relation to the reported loss events in the Company's core business lines as well as low RoA and RoE are highlighted among the negative factors.