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Industry Report Card: North American Insurance Holding Companies Gear Up For 2007's Challenges Jan 07
Standard & Poors, Jan 2007
Abstract
In the next 12 months, the U.S. life insurance sector will face challenges including a flat yield curve, M&A activity, and a weak traditional sales environment that should be exacerbated by an increasingly complex product array. Nevertheless, Standard & Poor's Ratings Services believes the life insurance industry remains resilient because of its improved overall expense structure, enhanced enterprise risk management (ERM) capabilities, and response to product needs in the ever-changing retirement market. Overall, the outlook on the U.S. life insurance sector remains stable, with positive and negative rating movements over the next six to 12 months expected to be about equal, generally reflecting company-specific circumstances rather than macroeconomic or industry-wide factors. The flat yield curve could restrict the upside potential...
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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