Specialty Credit and Political Risk Insurance and Reinsurance
Credit Consensus Data for Specialty Credit and Political Risk Insurance and Reinsurance
Why Credit Benchmark?
Underwrite more business, more confidently
A tiny percentage of underwriting opportunities are bound, leaving a huge amount of potential business on the table for direct insurers. Meanwhile, reinsurers need to map multiple books of business to effectively measure and report credit risk in their portfolio.
Relying on traditional credit risk data presents challenges: much of the insurance market is private or unrated, and available credit information can become stale quickly. Time-consuming analysis leads to inefficiencies when screening for new business.
Using credit consensus data, direct insurers can see what leading global financial institutions think of obligors, uncovering more compelling underwriting opportunities with fewer resources. Reinsurers can map, measure and monitor their portfolio more effectively.
Solutions
How we can help your business
Confidently underwrite more opportunities within your target geographies, sectors and credit risk tolerance
Sift out which opportunities justify the attention of precious analyst resources especially in the more opaque private or unrated space.
Build portfolio resilience and fine-tune underwriting strategy by monitoring the portfolio by individual names, sectors and geographies with consensus credit risk data and analytics.
Facilitate more meaningful and frequent management reporting, especially under quickly changing market conditions.
Make better sense of the legal entities in a book of business with coverage of parent and subsidiary-level entities and using Credit Benchmark’s sophisticated mapping engine.
Help CPR actuaries finesse pricing models with unique consensus LGD data and sector credit risk correlations produced from the expertise of global banks.
Case Study
The Client
A leading CPR business within the Lloyd’s of London specialty market arm of a top three US P&C insurance group.
The Challenge
The underwriters and credit analysts at this insurer found that traditional agency rating coverage of their names of interest fell short, and they lacked confidence in the quality and provenance of the data available to them. The actuaries were spending too much time on entity mapping and using external data references that were refreshed infrequently.
The Solution
Credit Benchmark’s extensive consensus coverage on unrated and private names increased the client’s underwriting activity by enhancing the decision-making process, while the provenance of the data provided increased peace of mind. Weekly updates informed underwriting strategy and enabled increased management reporting, and the team benefited from Credit Benchmark doing the heavy lifting of entity mapping, allowing them to do business more efficiently.
In Numbers
Entities with Credit Consensus Ratings
entities, 130,000 Bond and Loan Rating Assessments, Representing $34+ Trillion Outstanding
Risk Observations Feeding Into Weekly Data Updates
Credit Risk Observations Collected Since Launch in 2015
Industry & Sector Indices
Countries Covered
Major Global Banks Contributing, Almost Half Are GSIBs
Credit Analysts Contributing Risk Views
Of Universe Unrated by Traditional Rating Agencies
Of Corporate Universe Are Private Companies
The Benefits of Consensus Credit Data
Unparalleled coverage
Unparalleled coverage of public and private issuers; filling the gaps left by traditional ratings agencies.
Robust methodology
Free from “issuer-pays” conflict and any bank bias.
Real-world perspectives
Driven by the credit views of >40 of the world’s largest regulated banks, almost half of which are GSIBs.
Identify that entity
Risk data is processed through a sophisticated purpose-built mapping engine.
Up-to-Date, in The Know
The consensus is refreshed weekly to provide dynamic indicators of potential credit risk changes.
Alerting and monitoring
Assess risk over the lifetime of a transaction.
Secure reporting
Ease of internal integration within reporting.
Safety in numbers
A unique growing global dataset.
Who We Serve
Specialty Credit & Political Risk Insurance
Corporate Treasury
Credit Risk Modeling Teams
Securities Finance & Prime Brokerage
Bank Credit Risk Management
Structured Credit / Securitization Team
Central Counterparty Clearing Houses (CCPs)
Fund Financing
