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ARCHIVE | Criteria | Insurance | Specialty: Standard & Poor's Revises Its Risk-Based Capital Adequacy Model For Financial Products Companies Jul 00
Standard & Poors, July 2000
Abstract
Standard & Poor's Insurance Capital Markets Group has developed a new, risk-based capital adequacy model to analyze the credit, financial market, and operational risks of companies that are offering products or are using sophisticated risk management techniques that are not considered under the existing Insurance Rating Group's capital models. The model will also determine these companies' capital adequacy. The primary application of the model will be to analyze specialized financial product companies (FPCs) that are subsidiaries of insurance companies or that are credit enhanced by insurance companies. These companies may be in the business of offering over-the-counter (OTC) financial market or credit derivatives or financial intermediation, where they use transactions--such as structured notes and guaranteed investment contracts (GICs) and other...
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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