|[December 28, 2012]
Best's Briefing: As Drought Lingers, Crop Insurers Face Worst Underwriting Results in 25 Years
OLDWICK, N.J. --(Business Wire)--
A.M. Best Co. has estimated crop insurers' gross underwriting
losses as of the third quarter of 2012 to be about $15.5 billion,
against estimated premium of $11 billion. Additionally, crop insurers'
2012 net combined ratio, as detailed in a recent Best's Briefing, is
projected to reach 107. However, A.M. Best expects the net impact to
insurers, after third-party reinsurance, will not materially affect any
insurer's capital position.
Data in the Best's Briefing, titled, "As Drought Lingers, Crop Insurers
Face Worst Underwriting Results in 25 Years," are deived from the
results of an A.M. Best survey of select multiple peril crop insurance
writers that represent more than half of the direct premium written in
that market, and for nonrespondents, A.M. Best estimates based on market
For a full complimentary copy of the briefing, please click here.
Founded in 1899, A.M. Best Company is the world's oldest and most
authoritative insurance rating and information source. For more
information, visit www.ambest.com.
Copyright © 2012 by A.M. Best Company, Inc. ALL RIGHTS
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