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09.06.2006
uaA credit rating assigned to IC "Oranta"
Today independent rating agency Credit-Rating announced the granting of financially stable rating uaA to National Joint Stock Insurance Company Oranta.
Factors supporting the credit rating's level:
- NJSIC Oranta is a leader in the market of classical insurance (market share in this segment is over 10%) and the largest retail insurer of Ukraine (market share in the segment of individual insurance is about 12%);
- high diversification of insurance portfolio in different insurance risks, economical branches and segments;
- rather high quality of investment portfolio which is 77% formed by high-liquidity assets;
- high index of the companys independence from reinsurance, deliberate policy of risk avoidance.
Factors restricting the credit rating's level:
- level of operating expenditures to maintain the regional network determines low economic efficiency of the companys performance;
- rather low capitalization of the company over a few past years: further development of NJSIC Oranta will heavily depend on the increase of the authorized fund.
For more detailed information, please contact us.
Kyiv (+38044 490 25 50, fax +38044 490 25 54)
