A.M. Best Releases Criteria: Risk Management and the Rating Process
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http://pdf.reuters.com/htmlnews/8knews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20130402:nBw026868a OLDWICK, N.J.--(Business Wire)-- A.M. Best Co. has released the criteria report, "Risk Management and the Rating Process." The criteria is updated to include additional events that have contributed to the increased level of risk and uncertainty for the insurance industry, as well as a more detailed explanation of how an insurer`s risk profile and risk management capability impact the rating process. The impact of risk management on an insurer`s rating is based upon its risk profile and risk management capability relative to that risk profile. 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 ratings. Visit www.ambest.com/ratings/methodology to download a PDF copy of each report. 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 RESERVED. A.M. Best Co. Duncan McColl, CFA, 908-439-2200, ext. 5826 Manager, Rating Criteria email@example.com or Thomas Mount, ACAS, MAAA, CERA 908-439-2200, ext. 5155 Vice President firstname.lastname@example.org or Rachelle Morrow, 908-439-2200, ext. 5378 Senior Manager, Public Relations email@example.com or Jim Peavy, 908-439-2200, ext. 5644 Assistant Vice President, Public Relations firstname.lastname@example.org Copyright Business Wire 2013