S&P Global Ratings has published updated methodology and assumptions for analyzing the risk-based capital (RBC) adequacy of insurers and reinsurers. The publication of these updated criteria was the final step in a market consultation process that followed the publication of an updated Request for Comment in May 2023. We apply the output from these criteria in our insurance framework to assess capital and earnings--a key rating factor for insurers. These updated criteria apply globally to all insurers in the life, property/casualty, health, mortgage, trade credit, and title insurance and reinsurance sectors. We apply the bond insurance capital adequacy criteria to assess the risk-based capital adequacy of bond insurers.
