AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
(From Reinsurance)
Insurers with catastrophe exposures are facing a possible 10% increase in their overall capital requirements, according to a new report from Fitch Ratings.
The Fitch report is a follow-up on the special report published by the company on catastrophe risk and capital requirements in November 2005. In the report, Fitch states it is projecting a 10% average increase in overall capital requirements for insurers with catastrophe exposures, with the projected range of required capital increases expected between 5-15%. According to Fitch, these include an estimated 40-65% increase in "capital needed to support catastrophe risks" relative to what has been held in the past.
According to the report, Fitch estimates that adopting its T-VaR approach results in "capital required to support catastrophe risk" increasing by approximately 0-30%, which ...