RAEX Downgrades TIT Insurance Company Reliability Rating
OREANDA-NEWS. Expert RA Rating Agency (RAEX) downgraded TIT insurance company reliability rating to A level ("High level of reliability"). Rating outlook - "stable", the third rating sub-level. Earlier the Company had rating A+, the third sub-level, with the stable outlook.
The rating level is positively influenced by high deviation of solvency margin from the regulatory value, acceptable equity increment rate. The Company’s experience of making big disbursements is also positively assessed.
High share of business expenses, high net loss ratio and combined net loss ratio affect the rating score adversely.
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