ASKA Insurance Company Shows uaAA Financial Sustainability
OREANDA-NEWS. On 27 August 2014, Expert Rating agency confirmed ASKA's financial sustainability level at uaAA (very high) according to the national scale.
The conclusion of Expert Rating, which is based on the analysis of ASKA's performance in H1 2014, is available on the official website of the agency.
In 2003, Expert Rating agency rated ASKA's reliability A+, making it the first Ukrainian insurance company to receive the top rating.
In 2011, the agency confirmed the rating of ASKA at uaAA level, which corresponds to A rating (high sustainability) according to the international scale.
Profile
UASK ASKA was established in 1990 as the first national non-public insurance company. It operated under the Russia-based holding ASKO until 1995. At present, it is 89.09% owned by SCM Group, the biggest national financial and industrial group.
UASK ASKA and its subsidiary ASKO Donbass Severny focus on the non-life insurance. ASKA's regional network comprises 30 customer service centres and 21 representative offices in all Ukrainian regions. The company holds 37 voluntary and compulsory insurance licences.
ASKA is the second most recognised brand among insurance companies that covers about 4.5% of the classical insurance market of Ukraine. In 2012, the company was the leader among the national insurers in terms of insurance payouts.
The authorised fund of UASK ASKA is UAH 184,585 million.
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