Rating Agency «Standard-Rating» has decided on November 17, 2016 to update the credit rating/the financial stability rating of BUSIN Insurance company at the level “uaAА” according to the national scale. The equivalent of the international scale – “A+”.
The insurer with such rating is characterized by a very high financial stability compared to other Ukrainian insurers. The ratings have been confirmed on the basis of the analysis of the company’s activity for 9 months 2016.
Having analyzed the activity of BUSIN for 9 months 2016, RA «Standard-Rating» notes the following factors influencing the rating confirmation:
– growth of net and earned insurance premiums;
– considerable increase of income indicators against the background of difficult work conditions in the insurance market;
– excessive levels of capitalization (158,07%) and liquidity (135,95%).