Diverging Views

The search for culprits for the recent credit crisis has led many to the door of the rating agencies - but as they revamp their structured credit analysis, how in touch are they with European insurance on other issues driving the market? By Aaron Woolner

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A full page advert in the Financial Times trumpeting the fact that the credit rating of Trieste-based insurer Generali, "Have long been amongst the strongest in its sector, worldwide," highlights the importance of ratings to insurers - but this does not mean both sectors see eye-to-eye.

As the Solvency II draft directive slides inexorably towards its debut at the European Parliament in the autumn this year, agreement has not yet been reached on issues such as surplus funds and group supervision

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Credit risk & modelling – Special report 2021

This Risk special report provides an insight on the challenges facing banks in measuring and mitigating credit risk in the current environment, and the strategies they are deploying to adapt to a more stringent regulatory approach.

The wild world of credit models

The Covid-19 pandemic has induced a kind of schizophrenia in loan-loss models. When the pandemic hit, banks overprovisioned for credit losses on the assumption that the economy would head south. But when government stimulus packages put wads of cash in…

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