KAZAKHSTAN: S&P improved rating of EURASIA

Credit rating service of the international rating agency S&P Global Ratings on July 11 improved the issuer rating under the national scale rating of the insurance company EURASIA from kzAA- to kzAA+.

On May 31, S&P also confirmed the credit rating of the company at the level of «BB+». Forecast is positive for both rating actions, as informed the portal

After the mentioned rating actions, EURASIA became the only private financial organization in the country with the highest ratings, at that the insurer outranked such financial institutes as the Halyk Bank of Kazakhstan and VTB Bank. Insurer's ratings mean a high level of solvency, capitalization, risk diversification and improvement of investment portfolio.

EURASIA keeps dominating in the inward reinsurance market thanks to availability of the biggest reinsurance capacity in the domestic market. As of July 1, 2018 EURASIA's share in the total volume of inward reinsurance from abroad amounted to 98.31%. The insurer has clients from more than 150 countries, wrote the portal.

Follow XPRIMM Publications on LinkedIn, for more data on the insurance and financial industry.

Share |

Related articles


ALLIANZ announced three executives appointments

German insurance Group ALLIANZ announced three senior leadership appointments at ALLIANZ DIGITAL Health, ALLIANZ Private Krankenversicherung and Allianz Global Corporate & Specialty SE.



Inclusive insurance on the agenda of the second CEE & SEE - Regional Actuarial Insurance Conference in Skopje, Macedonia

Insurance should be accessible to all social classes, regardless of their wealth and income status. Products offered today are conventional insurance products, largely inspired from the developed markets as "one-size-fits-all" solutions, affordable to only middle- and high-income clients in the Eastern Europe's emerging & developing markets. The low insurance penetration rates across the region show the need for another approach.


Reducing the risks in agriculture by using insurance means, discussed in Skopje

On November 1st, an Agricultural insurance conference took place in Skopje, Macedonia, organized by the Insurance Supervision Agency in cooperation with the Ministry of Agriculture, Forestry and Water Economy. Drawing attention to the necessity of reducing the risks in agriculture by using insurance was the event's main purpose.


IIF 2018 - Insurance in a DIGITAL WORLD

Emmanuel DJENGUE, Innovation Director, Europe - RGAX, Spain is the Keynote Speaker at IIF 2018 - Insurance in a DIGITAL WORLD Conference in Bucharest, on November 27.


See all