Fitch launches Ratings NavigatorMay 16 2015 by InsuranceAsia News Staff
Fitch Ratings has launched its Ratings Navigator for insurance, a tool that provides a visual summary of an insurer’s key strengths and weaknesses, as it seeks to enhance the transparency of its insurer financial strength (IFS) ratings.
In a statement posted online, Fitch said the Ratings Navigator presented an insurer’s key strengths and weaknesses in an easy-to-interpret visual format and illustrated application of established ratings criteria.
It will show how insurers had scored against factors used in the development of IFS ratings, such as operating environment, market position, capitalisation and leverage, financial flexibility, financial performance, investment and liquidity, reinsurance, risk mitigation and catastrophe risk, among others.
Each factor is scored using a multi-notch indicator, which is colour-coded to indicate its relative influence as well as arrows that will provide a look at future trends.
Fitch added that Ratings Navigator for insurance will be published globally.
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