Expert RA Confirms TIT Insurance Company Reliability Rating
OREANDA-NEWS. 'Expert RA' rating agency confirmed 'TIT' Insurance Company reliability rating А+, which means high reliability, the third sublevel, the stable rating outlook.
The high equity growth rate, high deviation of the actual solvency margin from the minimum share capital as well as the high investment portfolio diversification have a positive impact on the rating.
The Company's high exposure to stock exchange risks, the negative technical result from insurance transactions for 1Q and 3Q2013, not considered on the accrual basis, as well as the high combined net loss ratio are highlighted among negative factors.
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