Expert RA

Expert RA Awards URAL-AIL Insurance Company Reliability Rating A

September 22, 2008

The Expert RA rating agency has awarded the Ural-AIL insurance company (the Perm region) the reliability rating A (High level of reliability).

One of the factors, that allowed to evaluate the company’s reliability at this level is the high growth rates of the main parameters in the company’s performance. The Ural-AIL insurance company occupies the leading position in the Perm region. Its insurance portfolio is sufficientyly diversified and stable. The insurer’s financial position is characterized by high asset liquidity and available reserve of financial means. Diversification and the reliability level of the insurer’s investment portfolio are evaluated as sufficient. The development level of its client base is also at an acceptable level.

Ural-AIL’s reliability level is somewhat limited due to its insufficient denominate parameters, narrow specialization of its operations exclusively in this highly unprofitable region, and, as consequence, high parameters of unprofitableness from OSAGO insurance activity.

The Ural-AIL insurer’s plans for further development include steps to decrease the unprofitableness resulting from OSAGO and the portfolio as a whole.

Ural-AIL is a regional level insurer. Presently, the company provides mostly services in mostly voluntary medical insurance, car insurance and property insurance of legal persons. In 2007, the insurer collected 950.6 mln Rbl in insurance premiums, taking the 76th place among the Russian insurers (according to FISS (Federal Insurance Supervision Service)). According to Expert RA, the company’s asset aggregate as of April 1, 2008, was 838.9 mln Rbl, the authorized capital – 334.7 mln Rbl.