This report does not constitute a rating action. S&P Global Ratings' assessment of an insurer's financial strength encompasses a variety of factors such as competitive position, capital and earnings, risk exposure, and funding structure. Most insurers in EMEA benefit from high credit quality, with 63% of all financial strength ratings being in the 'A' category and 9% in the 'AA' category. The highest-rated insurers all have competitive position assessments of at least very strong, reflecting their robust operating performance, market-leading positions, solid underwriting capabilities, and pricing power. Earnings diversification is another important aspect of the very strong assessments. In this report, we take a closer look at the features that the highest-rated insurers in EMEA have in common, as well
