OREANDA-NEWS. National Rating Agency has affirmed its ‘BB’ reliability rating on Insurance Investment LLC and has withdrawn the rating due to expiry of the contract.

The insurer’s rating is supported by its strong solvency position (actual solvency margin is more that 3x the regulatory minimum) and liquidity position (the cash-to-assets ratio was 46% as of Apr. 1, 2015).

The insurer’s reliability is affected by the negative premium trend, low market share, high receivables level (44% as of Apr. 1, 2015), growing debt burden, investment portfolio low diversification and limited market presence.