The rating agency IBI-Rating has affirmed the financial strength rating of INGO Insurance Company JSC at uaAAifr grade with an "evolving" outlook.
The insurance company with this rating is characterized by excellent financial strength. It is reliable, makes payments on time and has an excellent reputation. At the same time, the agency draws attention to a certain sensitivity to the impact of external and internal factors.
The rating at uaAAifr grade is due to a number of factors, in particular, the balance of the insurance portfolio and the stability of the dynamics of the volume of earned insurance premiums, the acceptability of capitalization and performance indicators.
IBI-Rating has also affirmed the credit rating of INGO Insurance Company JSC at uaAA grade, with an "evolving" outlook.
Such a credit rating grade is justified by strong market positions, as well as well-developed sales channels - this contributes to the stable dynamics of insurance premiums. In addition, the company has high solvency ratios; in early October, its actual reserves exceeded the standard by 2.3 times.
The agency notes that companies with uaAA rating are characterized by very high creditworthiness.
INGO Insurance Company has been operating in the insurance market since 1994. It has 29 licenses for various types of compulsory and voluntary insurance, and provides insurance services to corporate and retail clients. The company is one of the largest insurance organizations in Ukraine in terms of premiums, own assets and insurance claims.