Rating-Agentur Expert RA GmbH conducts precise qualitative and quantitative research on the insurance sector across the CIS region and Eastern Europe. In our research we put into practice the 20-year experience acquired by RAEX Group, supported with our credit rating experience and passion about analytics.
| 01.11.2019 |
Research Report on the Insurance Industry of Central Asian countries - November 2019 |
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| 07.06.2018 |
Research Report on the Insurance Industry of Central and Eastern Europe countries - June 2018 |
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List of rating classes
During the process of rating assignment (for both types of ratings - stand alone reliability rating and reliability rating), the Agency uses international scale. All public documents contain ratings only according to the international scale.
The company rating can be assigned from the following rating classes according to the international scale:
AAA - Highest level of reliability
The level of company’s capability to fulfill all its insurance liabilities in the long-run is the highest. The level of risk for insurance liabilities is the lowest.
AA - Very high level of reliability
The level of the company’s capability to fulfill its insurance liabilities in the long-run is very high. The level of risk for insurance liabilities is very low.
A - High level of reliability
The level of the company’s capability to fulfill its insurance liabilities in the long-run is high. The level of risk for insurance liabilities is low.
BBB - Moderately high level of reliability
The level of the company’s capability to fulfill its insurance liabilities in the long-run is moderately high. The level of risk for insurance liabilities is moderately low.
BB - Sufficient level of reliability
The level of the company’s capability to fulfill its insurance liabilities in the long-run is sufficient. The level of risk for insurance liabilities is moderate.
B - Moderately low level of reliability
The level of the company’s capability to fulfill its insurance liabilities in the long-run is moderately low. The level of risk for insurance liabilities is moderately high.
CCC - Low level of reliability
The level of the company’s capability to fulfill its insurance liabilities in the long-run is low. The level of risk for insurance liabilities is significant.
CC - Very low level of reliability (some of insurance liabilities are not fulfilled on time)
The level of the company’s capability to fulfill its insurance liabilities in the long-run is very low, some of insurance liabilities are not fulfilled on time. The level of risk for insurance liabilities is very high.
C - Lowest level of reliability (pre-default level, part of insurance liabilities are not fulfilled)
The company is not fulfilling some of its insurance liabilities, and it is expected that the company will not be able to meet fully its insurance obligations.
Class D - Default (Bankruptcy)
The company is in the process of bankruptcy.
Class E - License withdraw or liquidation.
The company is going through the liquidation procedure or the company’s license was revoked.
One of the above rating levels that can be assigned to the company (excluding AAA and ratings below CCC) may be supplemented with (+) or (-) sign depending on the value of the rating score.
- Version 4 (valid version) as of August 2020.
