Expert RA Confirms NASCO Insurance Company Reliability Rating
OREANDA-NEWS. 'Expert RA' rating agency confirmed 'NASCO' insurance company reliability rating A+, which means very high reliability. The rating sublevel is three. The rating outlook is stable.
High deviation of the actual solvency margin from the standard one, the high current and adjusted net insurance liquidity ratios, the low ratio of payables to assets, and the low operating costs are highlighted among positive factors.
The high loss ratio in other corporate property insurance and motor hull insurance in 9 months 2013, the high share of investments into the facilities regarded by the Agency as the Company's related parties, and low RoA and RoE did not allow upgrading the rating at its updating.
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