Insurance Ratings
The Insurer Financial Strength Rating (IFSR) provides a forward-looking opinion of an insurer’s capacity and willingness to pay its valid insurance contract obligations when they become due. IFSRs take into account an insurer’s standalone strengths and weaknesses, as well as the likelihood of it receiving extraordinary support from private or public sector owners in the event of financial difficulties. The assessment of standalone credit strength is based on six analytical pillars:
- Operating Environment
- Business Model & Strategy
- Ownership & Governance
- Risk Profile & Risk Mitigation
- Earnings Strength & Sustainability
- Balance Sheet Strength & Financial Flexibility