S&P unveils revised insurance ratings in transparency drive
Standard & Poor's has published revised criteria for rating insurance companies.
The credit rating agency said the review was intended to "enhance the transparency" of its ratings on insurers worldwide with an "integrated, globally consistent framework".
This will include business risk and financial risk profiles, as well as new rating factors and subfactors designed to assess the impact of industry and country risks, capital adequacy, as well as risk position.
S&P managing director, financial services ratings, Rob Jones told Insurance Age: "What we are trying to do is be
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