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Capital Strength And Risk Management Continue To Buttress The U.K. Life Insurance Sector Against Elevated Market Risks Nov 11
Standard & Poors, Nov 2011
Abstract
The 'AAA' sovereign rating on the United Kingdom is a key strength for the U.K. life insurance sector. That said, economic and financial market risks remain elevated and are likely to weigh on the prospects for the sector over the rating horizon. We believe the sector has the ability to withstand the current economic conditions. Insurers have maintained their capital positions by changing their business models and attitudes to risk. As a result, regulatory levels of capitalization have remained stronger than during 2008 and 2009, despite the effect of declining markets in the third quarter of 2011. Insurance groups disclosed a decline in surplus capital over the third quarter of 2011, but the market volatility we are experiencing is not...
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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