Insurance
Master Criteria describe the basic foundation for our ratings within a sector.
Criteria Complements are referenced in the Insurance Rating Criteria, and constitute criteria outputs.
Cross-Sector Criteria explain Fitch’s approach to topics that relate to multiple areas or audiences.
Sector-Specific Criteria describe Fitch’s analytical approach for individual sectors, and address specific credit factors. Criteria is applied consistently, making Fitch's ratings comparable across global financial markets. We link to the Criteria Reports used to assign a particular rating at the bottom of every Rating Action Commentary.
01Master Criteria
02Criteria Complements
The reports in this section are instrumental to the analysis, and are amended or updated, depending on country-specific developments and the evolution of Fitch’s analytical understanding of the provisions included in these reports.
Industry Profile and Operating Environment (IPOE) - Insurance Summary
Fitch evaluates the relative strengths and weaknesses of an insurer’s insurance markets and sectors, and overall operating environment from several perspectives. - Regulatory Oversight - Technical Sophistication of Insurance Market; Diversity and Breadth - Competitive Profile - Financial Markets Development - Country Risks
Fitch Regulatory Classification - Insurance Summary
The form of regulation establishes a theoretical foundation throughout these notching criteria. Fitch Ratings classifies regulation as being either 'Group Solvency', 'Ring Fencing' or 'Other'. Please see Fitch's Insurance Criteria for details about the above regulatory definitions.
Reserve Adequacy - Insurance Summary
In most developed markets, a combined ranking of 'neutral' above meets an ‘A’ IFS scoring guideline. For certain developing market countries, Fitch Ratings revises this neutral guideline when the agency believes reserving sophistication is below that of developed markets.