|
|
 |
|
Viewing report
|
|
|
|
ARCHIVE | Criteria | Insurance | Property/Casualty: Revised Property Catastrophe Reinsurance Criteria Utilize Probabilistic Modeling Oct 01
Standard & Poors, Oct 2001
Abstract
Since the mid-1990s, catastrophe modeling firms have updated and enhanced their proprietary models to account for changes in demographics, amount of insured exposures, and other relevant factors that help estimate potential losses associated with catastrophic loss events. Each year, catastrophic loss activity has increased in certain geographic areas, heightening the potential for increased loss to the industry. In response, Standard & Poor's has enhanced its analysis of a reinsurer's exposure and risk management strategies and the stability and usage of such management strategies by its retrocessionaires. A reinsurer can provide nonproportional ('excess layer' or excess of loss) property catastrophe reinsurance covers to help mitigate an insured's exposure to a large or catastrophic loss event. This can be provided through occurrence,...
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.
|
|
|
|
