Rating Agency «Standard-Rating» has decided on March 17, 2015 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 in 2014.
Press Release on website of RA «Standard -Rating»
Having analyzed the activity of BUSIN for 2014, RA «Standard-Rating» notes the following factors influencing the rating confirmation:
– growth of gross business volumes (+35.09%);
– sufficient level of capitalization and acceptable level of liquidity.
BUSIN held its Annual Meeting of Shareholders on March 16, 2015. Financial results of 2014, new challenges and directions of the company’s development were discussed. The Meeting approved increasing the amount of Authorized Capital and Guarantee Fund.