Announcements Criteria Research

GCR Publishes the South African Medical Schemes Sector Risk Score

GCR views industry solvency to be prudent, benefitting from adequate reserve accumulation, inherently low product risk, and comparatively contained levels of market risk exposure. Regulatory oversight contributes towards continuing reserve sufficiency across the industry, while a high level of information transparency and availability supports a strong regulatory assessment. Active regulatory intervention has enforced key legislative measures such as corporate governance effectiveness, while also facilitating market consolidation in the interests of member protection.

Announcements Criteria Research

GCR publishes the sector risk score for Spanish commercial property

The Spanish sector risk score of ‘8’ is reflective of expectations of stable annuity income, supported by medium-long term leases, improving occupancy rates and generally good access to capital. The overall sector risk profile is weaker when compared to those of more developed European counterparts, as Spanish real estate is viewed as a more speculative investment proposition that is prone to higher earnings and value variability through the cycle.

Announcements Criteria Research

GCR Publishes Insurance Sector Risk Scores for Benin, Botswana, Cameroon, Ghana, Malawi, Mauritius, Philippines and Tanzania

GCR Publishes Insurance Sector Risk Scores for Benin, Botswana, Cameroon, Ghana, Malawi, Mauritius, Philippines and Tanzania. The Insurance sector risk score (ranging from 0 to 15) is a key factor in the operating environment component score. The core of the GCR Ratings Framework is based on GCR’s opinion that an entity’s operating environment largely frames its creditworthiness.