RAEX Confirms Belingostrakh Reliability Rating
OREANDA-NEWS. Expert RA Rating Agency (RAEX) confirmed Belingostrakh reliability rating A (High level of reliability), with the stable rating outlook, the first rating sub-level. The Company's reliability rating BB- according to the international scale was also confirmed with the stable outlook.
The rating level was positively influenced by high deviation of the actual solvency margin from the regulatory value, low share of business expenses as well as low exposure of the Company to currency risks.
High values of combined net loss ratio, low diversification of the insurance portfolio and high exposure to country risks did not allow assigning a higher rating score.
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