While Fitch and Standard & Poor's made announcements about revisions to their capital models over the past year, competitors Moody's Investors Service and A.M. Best did not sit silently watching.
In a special comment released by Moody's in June, analysts in New York and London acknowledged that insurers internally were developing models known as economic capital models.
The report said that while no immediate ratings implications are forthcoming, sophisticated models that are fully embedded in the financial management of a large insurance group could be viewed positively at some point in the future.
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