Fitch releases new capital model methodology
Fitch Ratings has released an enhanced methodology for incorporating a review of an insurer's in-house capital model into its ratings. According to the agency it believes that such models can often promote a superior understanding of risks in addition to their quantitative estimation. Such techniques can, if used correctly, improve risk mitigation, allocation of resources, pricing and product design.
"The assessment of companies' own capital models represents an important part of Fitch's overall view of an insurer's capital adequacy within the agency's ratings analysis," said Keith Buckley, Group
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