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The Prospects For A Return To Stability For U.S. Insurance Sectors Largely Depend On The Economy Jun 10
Standard & Poors, June 2010
Abstract
Standard & Poor's Ratings Services believes that the U.S. insurance industry has come through the recent global market turmoil relatively well. However, the recent high equity volatility, weakening credit investment fundamentals, temporarily limited access to funding sources, and costly hedging programs underscore the importance of strong balance sheets and effective enterprise risk management (ERM). A continued focus on delivering the products that businesses and consumers need at risk-adjusted price levels will likely position companies to increase their earning streams over the long term. The changing economic, regulatory, and accounting frontiers, however, only increase the uncertainties that insurance management teams are facing while positioning their companies to improve their competitive positions and promote long-term financial growth. Catastrophic events in 2010 (the...
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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