Sitemap

Standard & Poor’s Confirms “A-” Rating For UNIQA With A Stable Outlook

CorD Recommends

Serbia Ascends as Key Trade Partner for Germany

Serbia is set to become a net...

Serbia and Romania to Forge Gas Link by 2026

Serbia and Romania have announced plans to...

Linglong Acquires Stake in Serbia’s Belt and Road Institute

Linglong International Europe, a tire manufacturer based...

Belgrade Students Triumph at Danube Cup 2024 in Austria

A team of innovative students from the University of Belgrade has claimed first place at the prestigious Danube Cup...

DM Celebrates 20 Years of Business in Serbia

On the occasion of its significant anniversary, two decades of successful operations in Serbia, dm drogerie markt organised a...

New Joint Venture Forms to Revolutionize Balkan Logistics

In a strategic move to enhance logistics operations in the Western Balkans, Transfera, a leading logistics company in the...

Concept Mercedes-AMG PureSpeed

Exciting, energising and breathtaking – the Mercedes‑AMG PureSpeed concept is the highlight in the run-up to the Formula 1™...

Western Balkans Chambers of Commerce Sign Tourism Cooperation Memorandum in US Congress

A landmark Memorandum of Cooperation has been signed at the US Congress, uniting the Chambers of Commerce of the...

On 18 December 2020, the international rating agency Standard & Poor’s (S&P) again confirmed its “A-” rating of UNIQA Insurance Group AG with a stable outlook. Positive factors in S&P’s decision particularly included the company’s strong market position in Austria, CEE and Russia, its leading role in health insurance in Austria and its “excellent” capital adequacy according to the S&P Global Ratings capital model.    

S&P continues to rate UNIQA’s business risk profile as strong, emphasising UNIQA’s strong position in Austria and its good position in CEE, which has improved further following the acquisition of the AXA companies in the region. In addition, S&P assumes that UNIQA will successfully continue to grow in the next few years in view of its strong competitive position, well-established sales capacity and diversified business portfolio – despite challenging conditions due to the coronavirus pandemic and a weak economy.

Furthermore, S&P continues to rate UNIQA Insurance Group AG’s financial risk profile as strong. The rating agency emphasises UNIQA’s sound capital adequacy here. They remain at the outstanding “AAA” level in the S&P capital model, even after the AXA acquisition. Accordingly, UNIQA’s sound risk profile benefits from a balanced, diversified and stable investment portfolio and a conservative reinsurance protection strategy. In S&P’s view, UNIQA pursues a conservative investment strategy, reflected by the fact that UNIQA’s investments have a credit rating of “A” on average.

S&P rates UNIQA’s liquidity as exceptional, and accordingly expects the Group to be able to withstand any severe liquidity stress.

Overall, S&P considers that UNIQA will sustain its capital and earnings assessment at least at a very strong level over for the next two years.

Related Articles

UNIQA Group: Profit Quadrupled In First Half Of Year – Outlook Raised For 2021 As A Whole

In the first six months of the 2021 financial year, UNIQA Insurance Group AG (UNIQA) generated earnings before taxes of nearly €216 million. Premiums...

Sustainability Becomes A Core Element Of UNIQA’s New Strategy

As part of its new corporate strategy "UNIQA 3.0 - Seeding the Future", UNIQA is doubling down on its efforts to reach new goals...

UNIQA Donates 5 Million rsd For Respirators To Help Fight Coronavirus

UNIQA Insurance has donated 5 million rsd to Serbia for the purchase of respirators and other essential medical equipment. In the days ahead these devices...

UNIQA in the service of health during coronavirus crisis

UNIQA enabled telephone and online services to be available 24/7 to clients. Responsibly and dedicatedly, UNIQA Serbia has subordinated all business activities to the...

UNIQA expands in CEE

• UNIQA purchases AXA subsidiaries in Poland, Czech Republic and Slovakia growth markets • Acquisition results in 5 million new customers and €800 million in...

UNIQA Insurance awarded golden medal for outstanding customer relationship

UNIQA Insurance Serbia is the winner of the prestigious international certificate and golden medal “Customer’s Friend – Superior Excellence” that international organization ICERTIAS (International...

UNIQA an official insurance of Serbian water polo team on the road to Tokyo

After five years of cooperation crowned with Olympic, both the World and European medals, UNIQA remains the official insurance of the water polo team...

UNIQA remains strongly positioned at the top of the insurance market

According to a report issued by the National Bank of Serbia, with its share of 5.91% in 2018 UNIQA confirmed its stable fifth position...