Regulatory Alerts2023-10-01
Added · Updated
General Insurance Rating Criteria
VIS Credit Rating Company Limited issued updated criteria for its General Insurance Insurer Financial Strength (IFS) rating methodology. The revision integrates environmental, social, and governance (ESG) considerations, revises the IFS rating scale to clearly distinguish it from corporate credit ratings, and refines rating definitions. The framework evaluates insurers through detailed qualitative assessments of board governance and risk controls alongside quantitative metrics covering capitalization, liquidity, earnings, and reinsurance arrangements.
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