千代田寿险-TaiwanRatings.ppt

Standard & Poor’sInsurance Ratings
Natalie Wells
Director
Financial Services Ratings
Taipei
27 October 2000
Who is Standard & Poor’s?
Insurance
Managed Funds
Financial Institutions
Corporates
Sovereigns
Infrastructure
Structured Finance
Public Finance
Standard & Poor’s Insurance Ratings
We Currently Rate Approximately 4,000 panies In Over 70 Countries Across All Sectors Of The Market
Largest Financial Services Team in Asia
29 financial services analysts
12 specialist insurance analysts
Located in Japan, Hong Kong, Taipei, Singpore, Melbourne, Sydney
Strongest Insurance Ratings Coverage in Asia
Japan - 98%
Hong Kong - 50%
Taiwan - 90%
Singapore - 70%
Australia - 90%
New Zealand - 90% please make this a bar chart
Types of Ratings
Interactive
Forward-looking
Qualitative and quantitative
Management interaction
Public and confidential information
Ongoing surveillance
Public Information
‘pi’
Model-driven
Publically available information
Point-in-time
Insurer Financial Strength Rating Scale
Secure Range
‘AAA’ to ‘BBB’
AAA = Extremely Strong
AA = Very Strong
A = Strong
BBB = Good
Vulnerable Range
‘BB’ to ‘CC’
BB = Marginal
B = C = Very = Extremely Weak
R = Regulatory Action
Global Insurance Ratings Distribution
Asian Insurance Ratings Distribution
ings
All Ratings
Global Coverage