Britain wants to reform its insurer solvency rules quickly, finance minister Rishi Sunak told insurance e...
India's Insolvency Reform Marks Progress; But Challenges Persist
India has made strides in resolving corporate insolvencies since the enactment of the Insolvency and Bankruptcy Code (IBC) in 2016, but challenges to speedy resolution persist, says Fitch Ratings in a new report...
India has made strides in resolving corporate insolvencies since the enactment of the Insolvency and Bankruptcy Code (IBC) in 2016, but challenges to speedy resolution persist, says Fitch Ratings in a new report...
Article / 6 months ago
Fitch Ratings reclassifies Regulatory Environment of Insurers in Mexico as "Group Solvency"
Fitch Ratings has reclassified the Mexican regulatory environment for insurers to “group solvency” from “ring-fencing”. As a result of this reclassification, Fitch upgraded the Issuer Default Rating...
Fitch Ratings has reclassified the Mexican regulatory environment for insurers to “group solvency” from “ring-fencing”. As a result of this reclassification, Fitch upgraded the Issuer Default Rating...
Article / 7 months ago
US Insurers Face Accelerated Credit Risks Amid Pandemic Fallout
The challenges faced by the North American insurance industry prior to the pandemic have been accelerated by the economic...
The challenges faced by the North American insurance industry prior to the pandemic have been accelerated by the economic...
Article / 2 years ago
Fitch Ratings Comments on European Commission Equivalence Policy for CRA Law in Non-EU Countries
Fitch Ratings believes users of its international credit ratings in the EU will be unaffected by the European Commission's repeal of its existing equivalency decisions for CRA...
Fitch Ratings believes users of its international credit ratings in the EU will be unaffected by the European Commission's repeal of its existing equivalency decisions for CRA...
Article / 3 years ago
Mexican Insurance Resilient to Economic, Political Change
It remains to be seen how, and to what extent, the Mexican insurance industry will be impacted by Mexico macro-economic environment and change of government given the recent election...
It remains to be seen how, and to what extent, the Mexican insurance industry will be impacted by Mexico macro-economic environment and change of government given the recent election...
Article / 4 years ago
Korea Non-Life Insurers to Shore up Solvency Capital
Fitch Ratings expects South Korean non-life insurers to increasingly rely on issuing hybrid securities, subordinated debt or fresh equity to strengthen their solvency adequacy, given progressive tightening...
Fitch Ratings expects South Korean non-life insurers to increasingly rely on issuing hybrid securities, subordinated debt or fresh equity to strengthen their solvency adequacy, given progressive tightening...
Article / 4 years ago
UK Brexit Plan Faces Major Political, Negotiating Hurdles
The Brexit plan formulated by the Conservative cabinet late last week would position the UK for a relatively soft exit from the EU, but it faces significant challenges, Fitch Ratings says. It is not clear that the plan in its...
The Brexit plan formulated by the Conservative cabinet late last week would position the UK for a relatively soft exit from the EU, but it faces significant challenges, Fitch Ratings says. It is not clear that the plan in its...
Article / 4 years ago
APAC Insurance Regulator Actions Show Proactive Approach
Recent actions by insurance regulators in the Philippines and New Zealand showed commitment to maintaining the stability of the sector and safeguarding consumers' interests. The measures are generally...
Recent actions by insurance regulators in the Philippines and New Zealand showed commitment to maintaining the stability of the sector and safeguarding consumers' interests. The measures are generally...
Article / 4 years ago
French Mutual Insurers Will Continue to Lose Market Share
French mutual insurance companies will continue to lose market share as rising regulatory costs threaten their ability to compete with traditional insurers and bancassurers, Fitch Ratings says. Many mutual insurers are relatively small and therefore face a disproportionately...
French mutual insurance companies will continue to lose market share as rising regulatory costs threaten their ability to compete with traditional insurers and bancassurers, Fitch Ratings says. Many mutual insurers are relatively small and therefore face a disproportionately...
Article / 4 years ago
French Creditor Insurance - More Competition, Less Margin
Traditional and mutual insurers' position in the protection market could get a boost, helping their overall earnings and business diversification, while banks may face a decline in revenue from creditor insurance, which has been a profitable adjunct to their retail lending businesses...
Traditional and mutual insurers' position in the protection market could get a boost, helping their overall earnings and business diversification, while banks may face a decline in revenue from creditor insurance, which has been a profitable adjunct to their retail lending businesses...
Article / 4 years ago
