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Optimism Remains For The Australian And New Zealand Life Insurance Sectors Jun 10
Standard & Poors, June 2010
Abstract
We continue to view the Australian and New Zealand life insurance industries as stable, an outlook underpinned by their structural robustness. In Australia, in particular, life companies benefit from: strong and supportive regulation; ownership by generally highly rated parents; underinsurance of life-risk products; and a compulsory superannuation savings scheme. Moreover, Australian life companies have less guaranteed-return products and a lower investment allocation to equities compared with some international peers. This review is part of the Asia-Pacific life insurance sector review, published May 31, 2010, and titled 'Asia-Pacific Life Insurers: The Growth Story Continues.' In the regional review, Standard & Poor's revised its outlook for the Asia-Pacific life insurance sector to stable from negative, while the Australian and New Zealand sectors...
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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