Willis Re: S&P economic capital criteria “incentivises insurers”
Willis Re’s report on Standard & Poor’s new criteria for assessing insurers’ economic capital models has found the latest S&P release “incentivises insurers to adopt more sophisticated internal capital models” by giving them the opportunity to use the modelling results to potentially reduce their capital requirements.
The new criteria offer insurers the possibility of reducing their rating agency capital requirement by replacing a proportion of S&P’s standard formula with their own internal capital calculation
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