Specialty Credit and Political Risk Insurance and Reinsurance

Credit Consensus Data for Specialty Credit and Political Risk Insurance and Reinsurance

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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.
Screenshot of Credit Benchmark's webapp on desktop, tablet and mobile devices. The image displays pages with information about aggregates, companies' credit scores and settings. On the desktop view, the page shows a graph with credit score distribution. On the tablet and mobile views, the page shows a list of companies with their corresponding credit scores. The background of the webapp is white with blue and gray accents.

Solutions

How we can help your business

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. Twice-monthly 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

The Benefits of Consensus Credit Data

Rating the unrated

Unparalleled coverage of public and private issuers; filling the gaps left by traditional ratings agencies.

Independent

Free from “issuer-pays” conflict and any bank bias.

Real-world exposure

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.

Dynamic

The consensus is refreshed twice monthly 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.

Expanding footprint

A unique growing global dataset.

Risk Solutions

Other Solutions

Understand your risk

Request a coverage check of your portfolio & access unique insights and analysis from our exclusive, contributed credit risk dataset.





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    Credit Benchmark brings together internal credit risk views from over 40 leading global financial institutions. The contributions are anonymized, aggregated, and published in the form of consensus ratings and aggregate analytics to provide an independent, real-world perspective of credit risk. Risk and investment professionals at banks, insurance companies, asset managers and other financial firms use the data for insights into the unrated, monitoring and alerting within their portfolios, benchmarking, assessing and analyzing trends, and fulfilling regulatory requirements and capital.