A.M. Best Releases Criteria: Understanding BCAR for P/C Insurers and Understanding BCAR for L/H Insurers [Manufacturing Close – Up]

A.M. Best Co. has released the following criteria reports:

-"Understanding BCAR for Property/Casualty Insurers"

-"Understanding BCAR for Life/Health Insurers"

The criteria report, "Understanding BCAR for Property/Casualty Insurers," includes the annual update to growth charges and clarifies the appropriate tax rate to be applied to the net probable maximum loss. In addition, reasons for increasing the credit risk capital charge on agents' balances are provided.

The criteria report, "Understanding BCAR for Life/Health Insurers," reflects the elimination of goodwill and other intangible assets from capital and surplus for Canadian companies.

These updates are reflected in the most recent version of Best's Credit Rating Methodology (BCRM). These updates are part of A.M. Best's continual review of its rating methodology and are not considered material or expected to affect ratings.

A.M. Best Company is a company in insurance rating and information source.

More Information:

http://www.ambest.com/ratings/methodology

((Comments on this story may be sent to [email protected]))