Scale of insurer strength ratings
SCALE OF INSURER STRENGTH RATINGS
uaA+ins (the highest strength)
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Insurance companies rated uaA+ins are the
most reliable among insurance companies operating in Ukrainian market. Their solvency,
reputation and loyalty towards customers are the highest as compared to other insurance
companies. The vulnerability to impact of adverse commercial, financial and economic
factors and probability of difficulties with repayment of compensations/cumulated
insurance amounts is far lower than in other Ukrainian insurance companies.
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uaAins
(high strength)
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The reliability of insurance companies carrying rating
uaAins is high. Their solvency, reputation and loyalty
towards customers is higher than in Ukrainian insurance companies with lower ratings,
though they are more vulnerable to impact of adverse commercial financial and economic
factors than the companies bearing uaA+ins rating. The
probability of failure to timely make insurance payments/repay cumulated insurance
amounts is lower than those in insurance companies with lower ratings.
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uaB+ins
(above average strength)
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The reliability of insurance companies rated
uaB+ins is above average. Their solvency, reputation and
loyalty towards customers exceed average level. The vulnerability to the impact of
adverse commercial, financial and economic factors and probability of troubles with
timely making insurance payments/repayment of cumulated insurance amounts is above
average among Ukrainian insurance companies.
|
uaBins
(average strength)
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The reliability of insurance companies rated
uaBins is average compared with other Ukrainian insurance
companies. Their solvency, reputation and loyalty towards customers as well as their
vulnerability to impact of adverse commercial, financial and economic factors, and the
probability of failure to timely make insurance payments/repay cumulated insurance
amounts are average for Ukrainian insurance companies.
|
uaC+ins
(below average strength)
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The reliability of insurance companies rated
uaC+ins is below average compared with other Ukrainian
insurance companies. Their solvency, reputation and loyalty towards customers is lower
than those of insurance companies rated uaBins. Such
companies are more vulnerable to impact of adverse commercial, financial and economic
factors. The probability of failure to timely make insurance payments/repay cumulated
insurance amounts is higher than that in insurance companies bearing higher ratings.
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uaCins
(low strength)
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The reliability of insurance companies rated
uaCins is low. Their solvency and reputation is far lower
than those of other insurance companies. The probability of failure to timely make
insurance payments/repay cumulated insurance amounts is much higher than in other
Ukrainian insurance companies.
|
uaDins
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The insurance company is incapable of making insurance
payments/repaying cumulated insurance amounts.
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source: «КР Монитор», 2 (2)