The insurance industry, market analysts said, is increasingly relying on the National Association of Insurance Commissioners (NAIC) ratings to evaluate non-agency RMBS.

This puts the sector ahead of the game when it comes to getting away from the purview of credit ratings in evaluating capital.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.