Fitch announced it will publish two special reports tomorrow with the launching of Prism, its new global economic capital risk model for the life and property-casualty industries.
For its property-casualty component, Fitch said it reviewed 43 p-c insurance groups in the 2005 Prism beta testing period, comprising about $273 billion of industry net written premium for about 65 percent of the total p-c industry.
Keith Buckley, managing director, said Prism allows for modeling of all risks within a business simultaneously, including how they interact with each other, which he said differentiated it from all other models.
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