Standard & Poor’s News

Insurtech to Become Part of Traditional Insurance Landscape: S&P Report

Insurtech has a complementary place in the traditional insurance world, despite remaining uncertainty in the industry about how it will function on a wide scale, Standard & Poor’s said in a new report. “We do not expect traditional insurance business …

Insurtech Startups Attract Growing List of Traditional Insurer Partners

Listening to Andrew Rear talk about insurers, you wouldn’t think he works for one that’s been around for 136 years. The 46-year-old head of Munich Re’s Digital Partners unit has said the industry is “one of the last bastions of …

Reinsurers’ Capital Likely to Remain Strong Despite Hurricane Matthew: S&P

While Hurricane Matthew has the potential to erode some of the global reinsurance sector’s excess capital, its overall capital position is not expected to deteriorate below the ‘AAA’ level, according to a report published by S&P Global Ratings. This would …

Ratings Agencies Expect Reinsurance Premiums to Continue Dropping in 2017

Reinsurance premiums are likely to continue to fall next year, ratings agencies said on Tuesday, following years of weaker prices due to competition in the sector and a lack of natural catastrophe losses. Reinsurers act as a financial backstop for …

Reinsurers’ Profits in Danger of Falling Below Their Cost of Capital: S&P

Reinsurers’ profits will soon drop below their cost of capital* and could remain there until the underwriting and/or investment cycles turn, according to Standard & Poor’s in a new report. S&P attributed this pressure on profitability to a combination of …

Cat Bonds Match Traditional Reinsurers on Reliability Scale: S&P

Some traditional reinsurers have asserted that catastrophe bonds are unreliable in terms of paying claims after major events. A new Standard & Poor’s article rebukes that idea. “We have explored the claims payment history of cat bonds,” S&P said. “The …

Reinsurers’ Strong Enterprise Risk Management Key to Success – and Survival: S&P

The reinsurance sector’s focus on strong enterprise risk management (ERM) frameworks is helping them weather the many headwinds hitting both the asset and liability sides of their balance sheets, according to a report issued by S&P Global Ratings. These headwinds …

Reinsurers May Reassess Cat Exposures When Normal Claims Levels Return: S&P

Most global reinsurers have been able to maintain underwriting discipline despite the ongoing soft market, but there is a danger that their profits could be hit if the current benign period of natural catastrophes returns to normal levels, according to …

Sports-Related Brain Injuries Are Emerging Risk for US & UK Insurers: S&P Report

Sports-related brain injuries are one of the top emerging insurance claims in the U.S. and the U.K., according to a report published by S&P Global Ratings. While the potential risk of such liability claims is rising rapidly, S&P did not …

Fosun Plans to Sell as Much as $6 Billion in Assets to Raise Credit Rating

Fosun Group, one of China’s most acquisitive conglomerates, is preparing to sell as much as 40 billion yuan ($6 billion) in assets as it focuses on raising its credit rating to above junk. After announcing more than $15 billion in …