OREANDA-NEWS. Expert RA Rating Agency (RAEX) confirmed its Level A+, Sublevel 3 rating (very high reliability) in respect of Surgutneftegaz Insurance Company. The rating outlook is stable.

The rating was positively influenced by low business costs, and high reliability of reinsurance partners.

A higher rating was prevented by negative technical result and heavy losses in the core company activities, high values of the combined net loss ratio, and negative yields on assets and own funds.