Expert RA Assigns European Tourist Insurance Reliability
OREANDA-NEWS. 'Expert RA' rating agency assigned 'European Tourist Insurance' insurance company reliability rating A+, which means very high reliability. The rating sublevel is three. The rating outlook is stable, which means high probability of maintaining the rating in the mid-term.
High deviation of the actual solvency margin from the minimum share capital amount, the high current ratio and the high adjusted net insurance liquidity ratio have a positive impact on the rating.
Such factors as the extremely low insurance portfolio diversification and high reliance on the major customers did not allow assigning a higher rating.
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