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 following
draft criteria reports:
Proposed edits to the draft criteria report, “Understanding Universal
BCAR,” include describing the scope of use for the Universal BCAR, which
can be used for insurance holding company level analysis and start-up
insurer analysis. Other updates to the criteria include new items in the
calculation of available capital and the use of an estimate of a
casualty shock loss in the model when stress-testing a casualty insurer.
The draft criteria report, “Understanding BCAR for Canadian
Property/Casualty Insurers,” includes a new section that describes A.M.
Best’s current approach on stress testing and an explanation of source
data for the Canadian BCAR model.
These updates are part of A.M. Best’s continual review of its rating
methodology and are not considered material or expected to affect
to download a PDF copy of each report.
Written comments should be submitted by email to firstname.lastname@example.org
no later than August 23, 2012.
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
Duncan McColl, CFAManager, Rating Criteria908-439-2200,
MorrowSenior Manager, Public Relations908-439-2200,
EasopGroup Vice President908-439-2200, ext.
PeavyAssistant Vice President, Public Relations908-439-2200,
Source: A.M. Best Co.