|[February 26, 2013]
A.M. Best Requests Comments on Draft Criteria: Risk Management and the Rating Process
OLDWICK, N.J. --(Business Wire)--
A.M. Best Co. is requesting comments from market participants in
the insurance industry and other interested parties on the draft
criteria report, "Risk Management and the Rating Process" (updates
version dated January 25, 2008).
The draft is updated to include additional events that have contributed
to the increased level of risk and uncertainty in the insurance
industry, as well as a more detailed explanation of how an insurer's
risk profile and risk management capabilities impact the rating process.
The impact of risk management on an insurer's rating(s) is based upon
the insurer's risk profile and the insurer's risk management capability
relative to that risk profle. Additionally, insurers are expected to
demonstrate that their risk management processes are appropriate for
their risk profiles.
These updates are part of A.M. Best's continual review of its rating
methodology and are not considered material or expected to affect the
vast majority of ratings.
to download a PDF copy of each report.
Written comments should be submitted by email to firstname.lastname@example.org
no later than March 26, 2013.
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 © 2013 by A.M. Best Company, Inc. ALL RIGHTS
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