Do you think S&P outlook change would spark a serie of downgrades on the insurance industry? Actually, insurers have relatively been immune to the crisis with little writedowns compared with their banking peers.
It seems to me that it has become challenging for insurers to post rising revenues in such a gloomy environment.
By the way, is there somedody here who handles the issues of solvency for insurers (solvency margins based on regulatory capital requirement, based also on TAC taking into accout the VBIF and DAC…) It would worth calculating the potential impact of writtedowns on their solvency and also assess which insurers are the most resilient.
I would really appreciate an answer or even a good book on the issue.
Cheers
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Do you think S&P outlook change would spark a serie of downgrades on the insurance industry? Actually, insurers have relatively been immune to the crisis with little writedowns compared with their banking peers.
It seems to me that it has become challenging for insurers to post rising revenues in such a gloomy environment.
By the way, is there somedody here who handles the issues of solvency for insurers (solvency margins based on regulatory capital requirement, based also on TAC taking into accout the VBIF and DAC…) It would worth calculating the potential impact of writtedowns on their solvency and also assess which insurers are the most resilient.
I would really appreciate an answer or even a good book on the issue.
Cheers