Analysts at Fitch Ratings want life insurers to post more details about their long-term care insurance (LTCI) blocks.
If life insurers post more, standardized LTCI performance information, and the increased supply of information makes the performance of each LTCI block easier to compare with the performance of other blocks, that would be "supportive of creditworthiness," Fitch says.
Fitch made the plea for more LTCI performance information in a comment on its views of the LTCI sector.
General Electric Company startled the rating agencies earlier this year, by taking a $6.2 billion for its LTCI reinsurance business, and by announcing that it would have to add about $15 billion to its LTCI reinsurance reserves over time.
No insurer seems likely to post another LTCI charge like that between now and the end of 2019, Fitch says.