Latest news with #Arval
Yahoo
01-07-2025
- Business
- Yahoo
AM Best Affirms Credit Ratings of Greenval Insurance Designated Activity Company
AMSTERDAM, July 01, 2025--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of "a-" (Excellent) of Greenval Insurance Designated Activity Company (Greenval) (Ireland). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect Greenval's balance sheet strength, which AM Best assesses as strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management. Greenval is the captive motor insurer for Arval Service Lease SA (Arval), a vehicle-leasing company wholly owned by BNP Paribas SA, a global banking group headquartered in France. Greenval's balance sheet strength is underpinned by its risk-adjusted capitalisation, which was at the very strong level at year-end 2024, as measured by Best's Capital Adequacy Ratio (BCAR). The company's risk-adjusted capitalisation is expected to remain at least at the strong level prospectively. The balance sheet strength assessment also considers the company's prudent reserving, appropriate reinsurance programme and liquid investment portfolio. Greenval has a track record of a strong operating performance, as demonstrated by a return on capital and surplus of 36.3% and a combined ratio (net/gross) of 84.4% in 2024 under IFRS 17. Underwriting results have been consistently strong, benefiting from the captive's privileged access to Arval's good quality business. As a captive insurer providing motor insurance covers for Arval, Greenval's underwriting portfolio is concentrated in motor insurance, but well-diversified geographically. Greenval's neutral business profile assessment also reflects its strategic importance to Arval, as its only affiliated motor insurer. AM Best remains the leading rating agency of alternative risk transfer entities, with more than 200 such vehicles rated throughout the world. For current Best's Credit Ratings and independent data on the captive and alternative risk transfer insurance market, please visit This press release relates to Credit Ratings that have been published on AM Best's website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best's Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings. For information on the proper use of Best's Credit Ratings, Best's Performance Assessments, Best's Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best's Ratings & Assessments. AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit Copyright © 2025 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED. View source version on Contacts James Kenfack Financial Analyst +31 20 808 2272 Dr. Mathilde Jakobsen Senior Director, Analytics +31 20 808 3118 Christopher Sharkey Associate Director, Public Relations +1 908 882 2310 Al Slavin Senior Public Relations Specialist +1 908 882 2318
Business Wire
01-07-2025
- Business
- Business Wire
AM Best Affirms Credit Ratings of Greenval Insurance Designated Activity Company
AMSTERDAM--(BUSINESS WIRE)-- AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of 'a-' (Excellent) of Greenval Insurance Designated Activity Company (Greenval) (Ireland). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect Greenval's balance sheet strength, which AM Best assesses as strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management. Greenval is the captive motor insurer for Arval Service Lease SA (Arval), a vehicle-leasing company wholly owned by BNP Paribas SA, a global banking group headquartered in France. Greenval's balance sheet strength is underpinned by its risk-adjusted capitalisation, which was at the very strong level at year-end 2024, as measured by Best's Capital Adequacy Ratio (BCAR). The company's risk-adjusted capitalisation is expected to remain at least at the strong level prospectively. The balance sheet strength assessment also considers the company's prudent reserving, appropriate reinsurance programme and liquid investment portfolio. Greenval has a track record of a strong operating performance, as demonstrated by a return on capital and surplus of 36.3% and a combined ratio (net/gross) of 84.4% in 2024 under IFRS 17. Underwriting results have been consistently strong, benefiting from the captive's privileged access to Arval's good quality business. As a captive insurer providing motor insurance covers for Arval, Greenval's underwriting portfolio is concentrated in motor insurance, but well-diversified geographically. Greenval's neutral business profile assessment also reflects its strategic importance to Arval, as its only affiliated motor insurer. AM Best remains the leading rating agency of alternative risk transfer entities, with more than 200 such vehicles rated throughout the world. For current Best's Credit Ratings and independent data on the captive and alternative risk transfer insurance market, please visit This press release relates to Credit Ratings that have been published on AM Best's website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best's Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings. For information on the proper use of Best's Credit Ratings, Best's Performance Assessments, Best's Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best's Ratings & Assessments.
Yahoo
09-04-2025
- Automotive
- Yahoo
Environmental sustainability key challenge for fleet managers: Arval survey
One of the key challenges facing fleet managers is the implementation of alternative energy technologies, according to the Arval Mobility Observatory's Fleet and Mobility Barometer 2025. Based on insights from 8,061 fleet and mobility stakeholders across 28 countries, Arval identifies three core areas driving fleet transformation, notably environmental sustainability, cost efficiency, and employee satisfaction. The report found environmental sustainability as one of the top three hurdles for 34% of fleet managers, which they expect to face over the next three years. Adapting to restrictive public policies on internal combustion engines (ICE) is a challenge for 31% of companies. It has led to a shift towards electrified fleets, driven by environmental concerns, regulatory pressures, and the need to reduce fuel expenses. However, the transition speed varies between passenger cars and light commercial vehicles (LCVs). For passenger cars, 69% of companies are using or considering alternative energy technologies such as battery-electric vehicles (BEVs) and hybrid-electric vehicles (HEVs) in the next three years. Europe leads in adoption at 75% while Latin America lags at 42%. For LCVs, 9% of companies are using and 12% considering electric LCVs (eLCVs). The report indicates cautious optimism about electrification, with 17% of fleets expected to be BEVs and 10% eLCVs in the next three years. Challenges include insufficient charging infrastructure and higher purchase prices of electric vehicles. Companies are addressing these by developing charging strategies and supporting home charging for employees. Charging policies are becoming common, with 85% of companies having or planning to implement one. Additionally, 55% have installed or plan to install charging points at company premises. Decarbonisation goals are set by 13% of companies, with 26% evaluating such targets. Mitigating the rising total cost of ownership (TCO) is another challenge, with 31% of companies concerned. This is more pronounced in Latin America and North America due to economic conditions. Companies are exploring financing methods such as full-service leasing, with 27% using it and 37% planning to increase its use. Second-hand vehicles are being incorporated into fleets, with 41% of companies doing so and 43% planning to follow suit. Despite cost challenges, 91% of companies expect fleet stability or growth, driven by business development and HR needs, particularly in North America and Europe. Employee needs are central to fleet transformation, with 45% of companies focusing on talent acquisition and retention. Promoting responsible driving is a challenge for 32% of companies, with telematics and connected vehicle technologies playing a key role in addressing this. Telematics tools are adopted by 40% of companies, though only 15% currently use the data. The data is used for vehicle security, improving driver behaviour, and operational efficiency. Mobility solutions are also important, driven by HR needs and environmental sustainability. Mobility policies and solutions are used or considered by 79% and 60% of companies worldwide, respectively. Car sharing and bike leasing are gaining interest while public transport expense reimbursement and car allowances are common mobility policies. Arval Mobility Observatory head Oana Duma said: 'While the transition to electrified fleets faces obstacles such as charging infrastructure and purchase prices, these challenges also present opportunities for innovation and growth. Companies are developing charging strategies and exploring cost-efficient financing methods, such as full-service leasing and incorporating second-hand vehicles into their fleets. Additionally, the focus on employee mobility policies and solutions not only addresses HR needs but also contributes to overall fleet efficiency and sustainability. 'By leveraging telematics and connected vehicle technologies, companies can promote safer driving practices, reduce accidents, and enhance operational efficiency. Ultimately, the Barometer 2025 emphasises that by transforming these challenges into catalysts for change, companies can successfully navigate the future of fleet and mobility management.' "Environmental sustainability key challenge for fleet managers: Arval survey" was originally created and published by Motor Finance Online, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
09-04-2025
- Automotive
- Yahoo
Arval study finds EV batteries retain 93% capacity on average, easing resale concerns
Arval, a leasing and mobility services provider, has published the results of a large-scale analysis of electric vehicle (EV) battery performance, showing that most batteries retain a high level of capacity well beyond the limits of manufacturer warranties. The study, conducted by Arval's Consulting and Remarketing teams, analysed 8,300 used EVs sold across eight European countries between March 2023 and November 2024. Vehicles from 30 different brands were included in the sample. The findings indicate that the average state of health across the tested EV batteries was 93% of their original capacity. Nearly all (98%) retained more than 80% of their original capacity. Even at high usage levels, battery performance remained strong. After 70,000 kilometres, the average battery's state of health remained at 93%. For vehicles that had travelled over 200,000 kilometres, the average battery capacity still approached 90%. Battery degradation is frequently cited as a key concern for used EV buyers, as batteries account for 20% to 30% of a vehicle's original value. Health certificates Arval offers battery health certificates for used EVs sold through its network. The battery certificates are generated using diagnostic tools developed by Moba and Aviloo, two of only three companies certified by the Car Remarketing Association Europe (CARA). The certificates show the current battery capacity as a percentage of its original value and provide range estimates under different driving conditions. Arval began issuing battery health certificates for used EVs in the UK in 2024, with around 1,400 vehicles assessed to date. Gary Burns, Remarketing Director at Arval UK, said battery health is a key concern for UK consumers and motor dealers. 'Our solution displays the data the car holds on its current state of battery health to show how much of the battery capacity is still usable,' said Burns. 'The information can then be shared with our customers so they have a current view of the performance of the battery.' Buyers can access the battery health certificate through a QR code displayed on the vehicle listing. The aim is to promote transparency and support informed decisions during the transition to electric mobility. No EU-wide standard for battery health certification While battery health certification is gaining traction, there is currently no European standard for evaluating EV battery health. Arval relies on CARA-approved methods to ensure independent and consistent assessments across markets. MethodologyArval's analysis is based on 8,300 battery health certificates collected from used electric vehicles sold between March 2023 and November 2024 across eight European countries: the Netherlands, Belgium, France, Spain, Italy, Germany, the United Kingdom, and Switzerland. The sample includes vehicles from approximately 30 different manufacturers, comprising both battery electric vehicles (BEVs), which made up 77% of the dataset, and plug-in hybrid electric vehicles (PHEVs), accounting for 23%. "Arval study finds EV batteries retain 93% capacity on average, easing resale concerns" was originally created and published by Motor Finance Online, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
