Fitch publishes drafts for new capital model

Fitch Ratings has published two new exposure drafts relating to its global insurance capital model, Prism.

'Prism - Insurance Rating Calibration Measures' and 'Defining Available Capital for an Insurance Company in Prism' provide further details on the way Fitch plans to assess insurance capital using its global stochastic model.

Fitch also announced that following the closure of the exposure period relating to the agency's enhanced capital methodology (10 July), the agency will be publishing final documents in the next few weeks from this exposure period, together with its comments on the feedback received.