In September 2017, some significant improvements to AKG's Financial Strength Assessment Reports were introduced. Designed for the benefit of report users, the changes consist of improvements to the design and format of, and information contained in these company level financial strength assessment reports.
Reports issued in September 2017 and the rolling annual update of AKG assessments thereafter will be delivered in this new design and format.
In summary, these improvements:
A specimen example of the new format report is available here.
The specimen is a fictitious example of a participatory assessment report for a life insurance company within the Provider sector. (Note: There are some variations by sector and company type in terms of data tables displayed and non-participatory assessment reports show a subset of information).
The changes do not alter:
For the first year or so after the change, a diminishing number of reports issued prior to September 2017 in the old format will remain in place, until each such report has been superceded by an equivalent report in the new format.
For simplicity, on the Purchase page on the AKG website all available reports will be listed under the new Report Category names, so that users do not have to look for a report in 2 different places. Users will be able to tell which format the report is in from its Issue Date.
Any report issued after 1 September 2017 will be in the new format, and branded with the new Report Category name.
Any report issued before 1 September 2017 will be in the old format, and branded with the old Report Category name.
|New Report Category||Old Report Category|
Issued after August 2017
Issued before September 2017
|Provider Financial Strength Assessment Reports||Company Profile & Financial Strength Reports|
|Offshore Financial Strength Assessment Reports||Offshore Profile & Financial Strength Reports|
|Platform Financial Strength Assessment Reports||Platform Profile & Financial Strength Reports|
|DFM Financial Strength Assessment Reports||DFM Profile & Financial Strength Reports|
AKG’s Update newsletter will continue to roundup report releases and rating activity, with the assessment sectors now also being shown in place of the old report series names, for the report releases and the rating activity subheadings consistent with this too.
If you have any questions on these improvements please do contact us.