Business Services Industry
S&P launches standardized capital model.(Industry News)(Standard & Poor's Corp.)(Brief article)
Business Insurance, June, 2007
NEW YORK-Standard & Poor's Corp. has released an enhanced insurance risk-based capital model for life, annuity, property/casualty, health insurance and reinsurance companies worldwide. According to New York-based S&P, the globally consistent framework it developed for analyzing insurance company capital includes regional risk factors that were developed to reflect unique features of local insurance markets.
The rating agency said that from its initial request for comment in November 2006 until the comment period's end in February, it received more than 200 responses from market participants around the world. That feedback played an important role in the development of the enhanced model, S&P said. One major change in the new model's framework is an...
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