DBRS Morningstar Releases Commentary on Assessing Financial Strength Ratings of Property and Casualty (P&C) Insurance Companies Amid the Global Coronavirus Pandemic

DBRS Morningstar released a commentary entitled, “Assessing Financial Strength Ratings of P&C Insurance Companies Amid the Global Coronavirus Pandemic,” which highlights the factors that, if impaired, could result in negative rating pressure on a property and casualty insurance company’s Financial Strength Rating as the economic impacts of the Coronavirus Disease (COVID-19) unfold.

The key highlights include:
(1) Building blocks that could come under pressure in the short term include Risk Profile, Earnings Ability, and Capitalization.
(2) Other building blocks are not as susceptible to short-term shocks, but we will reassess depending on the duration and impact of the coronavirus outbreak.

Notes:
The commentary is available at www.dbrsmorningstar.com.

For more information on this industry, visit www.dbrsmorningstar.com or contact us at [email protected].

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