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.
The Financial sector risk score is important in a number of ways. Firstly, as a key factor in the operating environment component score. The core of the GCR rating framework is based on our opinion that an entity’s operating environment largely frames its creditworthiness.
GCR utilises the sector risk score in conjunction with the country risk score, to determine the operating environment risk score for each individual sector within South Africa. The following sector risk scores are intended to provide users with an overview of the major factors that impact GCR’s assessment of the relative risk of each sector in the local economy.
The Country Risk assessment interacts with GCR ratings in four ways. Firstly, the country risk scores create the foundation for the Anchor Credit Evaluator.
In the publication, GCR provides a brief synopsis of its public ratings coverage within Sub-Saharan Africa. GCR also provides brief views of the performance of the short term insurance industry within a few select markets.