A.M. Best Releases Criteria: Risk Management and the Rating Process

Tue Apr 2, 2013 4:24pm EDT

* Reuters is not responsible for the content in this press release.


OLDWICK, N.J.--(Business Wire)--
A.M. Best Co. has released the criteria report, "Risk Management and the Rating

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
Thomas Mount, ACAS, MAAA, CERA
908-439-2200, ext. 5155
Vice President
Rachelle Morrow, 908-439-2200, ext. 5378
Senior Manager, Public Relations
Jim Peavy, 908-439-2200, ext. 5644
Assistant Vice President, Public Relations

Copyright Business Wire 2013

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