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The credit rating of JSC INGO Ukraine has been updated to uaaa with stable outlook

25.03.2019 1 минута

On December 7, 2018, the national rating agency IBI Rating updated the long-term credit rating of INGO Ukraine on the national rating scale at uaAA (stable outlook). The investment level uaAA is characterized by a very high creditworthiness compared to other Ukrainian borrowers or debt instruments. A “stable” credit rating forecast means that a change in credit rating throughout the year is unlikely.

 

Factors justifying the level of credit rating:

  • Strong market positions, as well as well-developed sales channels, contribute to stable dynamics of insurance payments
  • Acceptable capitalization rates and no debt burden
  • Balance of insurance portfolio
  • High quality and sufficient diversification of assets that represent insurance reserves
  • Significant share of the claim for reported but unpaid losses
  • High solvency indicators - as of 01.10.2018, the actual solvency margin exceeded the standard by more than 3 times.
  • High value of the combined loss ratio
  • The instability of the operating environment, the variability of the regulatory field, as well as the sensitivity of the company's revenue base to changes in the real sector.
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