The insurance sector continues to demonstrate resilience and, in some areas, signs of strength. Our research provides insights on the challenges and opportunities the sector faces--such as disruption from new technologies, cyber security, and low interest rate levels.
Explanation of a credit rating action on a debt issue. In addition, rating actions on a group of issuers can be bundled and published as rating actions news, without individual research updates. The report provides the rating action rationales for the group of entities or sector, followed by individual entity specific rationales and updated outlook/CreditWatch, reflecting the view of a rating committee.
Overview and rationale of a credit rating action taken at the issuer level, including newly assigned ratings, rating changes, outlook or CreditWatch revisions, and updated rating score snapshot among other considerations
Quick and timely report addressing a particular development or event that has no current impact on the credit rating of an issuer.
Detailed reports on an individual issuer, providing the financial strength rating (FSR) snapshot, the stand-alone credit profile (SACP) of the insurer, and the issuer credit rating (ICR). The reports also reveal further insights on an insurer’s key strengths, risks/weaknesses, and outlook, including downside and upside scenarios; key macroeconomic assumptions and key metrics, including S&P Global Ratings’ capital adequacy metric (if available); and a ratings detail table listing all ratings for the insurer and related entities among other data and considerations.
To provide additional disclosure and transparency to the market, from mid-November 2021, S&P Global Ratings started publishing ESG credit indicators for individual companies in the corporate and infrastructure, and insurance sectors; other asset classes will be covered during 2022. These indicators will initially be released through the ESG credit indicator report cards for the relevant sector. Subsequently, they will be incorporated and updated in S&P Global Ratings’ issuer- and issue-specific publications to complement the existing credit rating analysis and surveillance.