The National Association of Insurance Commissioners (NAIC) has voted to include Realpoint as an Acceptable Rating Organization.
‘The NAIC is now acknowledging the statement from its membership that our business model is on point,’ says Realpoint President and CEO Rob Dobilas.
Realpoint provides its analysis and ratings of commercial mortgage-backed securities transactions to investors on a subscription basis.
NAIC's approval of Realpoint comes at a time when state insurance regulators are considering distancing themselves from the long-held practice of using rating agencies as the primary means for measuring the "health of insurer portfolios of mortgage-backed securities," according to a recent Wall Street Journal article.
SOURCE: Realpoint
