Rating action Johannesburg, 22 February 2022 – GCR Ratings (“GCR”) has placed various insurance entities under criteria observation (“UCO”). This follows a change in the criteria which is accessible on https://gcrratings.com/wp-content/uploads/2022/01/GCR_Criteria-for-the-GCR-Ratings-Framework-2022-final.pdf. The relevant changes in the criteria focus on how GCR applies group support notches to support ratings, and the concept of insultation. The UCO...
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