"Expert RA"

Expert RA has affirmed A credibility rating of Pari insurance company

April, 10th, 2008

The Expert RA rating agency has affirmed A credibility rating (high credibility level) of Pari insurance company.

Adequate stability level and insurance portfolio diversification made good contribution to assessment of the company financial stability. Pari financial status is characterized by high liquidity and adequacy of own funds”, - says Aleksey Tersky, Expert RA, department of ratings of financial institutions. Besides, according to Expert RA analysts, the company has gained experience of settling large losses. The company is audited by BDO Unicon – the second in the Expert RA 2007 list of the largest audit-consulting Russian groups.

The Pari rating is restrained by relatively low level of the insurer investment portfolio diversification. High losses in certain types of insurance (voluntary medical insurance, motor insurance) also have negative influence on the assessment level.

Pari insurers mostly provide services for cargo insurance, enterprise property insurance and motor insurance. In 2007, according to Federal Service of Insurance Supervision (FSIS), Pari was 73-rd in the list of Russian insurers (consolidated insurance premium), with 1.12 bln rubles of collections. The company authorized capital is 300 mln rubles (Expert RA) – to be increased by 700 mln rubles.