Introducing Compulsory Cessions Could Support Russia's Domestic Reinsurance Market, Or Undermine It, Says Report - S&P Global Ratings’ Credit Research

Introducing Compulsory Cessions Could Support Russia's Domestic Reinsurance Market, Or Undermine It, Says Report

Introducing Compulsory Cessions Could Support Russia's Domestic Reinsurance Market, Or Undermine It, Says Report - S&P Global Ratings’ Credit Research
Introducing Compulsory Cessions Could Support Russia's Domestic Reinsurance Market, Or Undermine It, Says Report
Published Jan 08, 2018
4 pages (1503 words) — Published Jan 08, 2018
Price US$ 150.00  |  Buy this Report Now

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Abstract:

Handled well, establishing the Russian National Reinsurance Co. (RNRC) could increase the Russian reinsurance market's capacity and support transparency. That said, it could also weaken the competitive position of domestic and nondomestic players in the market. The overall long-term impact strongly depends on the government's appetite for increasing the level of mandatory cession that other companies have to offer to the new player from the current level of 10%. Any increase in the compulsory cessions could mar the development of the local reinsurance market. Despite the significant changes, we don't currently expect the new market structure to trigger immediate rating actions on Russian insurers over the two-year outlook horizon or to significantly revise our assessment of industry and country risks

  
Brief Excerpt:

...+ Handled well, establishing the Russian National Reinsurance Co. (RNRC) could increase the Russian reinsurance market's capacity and support transparency. + That said, it could also weaken the competitive position of domestic and nondomestic players in the market. + The overall long-term impact strongly depends on the government's appetite for increasing the level of mandatory cession that other companies have to offer to the new player from the current level of 10%. + Any increase in the compulsory cessions could mar the development of the local reinsurance market. + Despite the significant changes, we don't currently expect the new market structure to trigger immediate rating actions on Russian insurers over the two-year outlook horizon or to significantly revise our assessment of industry and country risks for insurers operating in the Russian property/casualty market. MOSCOW (S&P Global Ratings) Jan. 8, 2018--In a report published today, S&P Global Ratings said that operating conditions...

  
Report Type:

News

Sector
Global Issuers
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Introducing Compulsory Cessions Could Support Russia's Domestic Reinsurance Market, Or Undermine It, Says Report" Jan 08, 2018. Alacra Store. Apr 23, 2018. <http://www.alacrastore.com/s-and-p-credit-research/Introducing-Compulsory-Cessions-Could-Support-Russia-s-Domestic-Reinsurance-Market-Or-Undermine-It-Says-Report-1978023>
  
APA:
S&P Global Ratings’ Credit Research. (). Introducing Compulsory Cessions Could Support Russia's Domestic Reinsurance Market, Or Undermine It, Says Report Jan 08, 2018. New York, NY: Alacra Store. Retrieved Apr 23, 2018 from <http://www.alacrastore.com/s-and-p-credit-research/Introducing-Compulsory-Cessions-Could-Support-Russia-s-Domestic-Reinsurance-Market-Or-Undermine-It-Says-Report-1978023>
  
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