Document Title: Insurance Rating Methodology
Publishing Date: 23-04-2024
Response Deadline: 23-05-2024
Overview
This methodology outlines SAR's fundamentals and analytical approach to assigning issuer credit ratings, financial strength ratings, and financial instrument ratings to insurance organisations and medical schemes. The methodology is used to assess insurance and medical scheme companies’ (herein “issuers”) ability to meet their financial obligations to policyholders and other creditors. The assessment considers a variety of factors, including the operating environment, the company's financial strength, operating performance, business profile, and enterprise risk management.