September 3, 2014 - Expert RA rating agency increased the rating of UIC from "A" to "A+" level, the growth of reinsurance protection reliability is one of the positive factors
Expert RA Rating Agency (RAEX) increased the rating of United Insurance Company from "A" to "A+" level. In the agency scale it means very high level of reliability. The forecast is 'Stable class='text''.
Among the factors which worked upon positive influence on the rating level there was considerable increase of reinsurance protection reliability (93.9% of outwards premiums falls to the share of companies with rating level ‘A’ and higher of Expert RA Rating Agency or similar rating levels of other international rating agencies).
The increase of the rating level is also caused by the registered capital of UIC, which was increased in 2013, high values of current liquidity, low share of the cost of doing business and high rates of insurance premiums growth.