Press Release - OCTOBER 17, 2017

A.M. Best Enhances Best’s Capital Adequacy Ratio Model –P/C, US Product to Integrate Updated Criteria for BCAR


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FOR IMMEDIATE RELEASE

OLDWICK - OCTOBER 17, 2017
A.M. Best has released changes to its Best’s Capital Adequacy Ratio Model P/C, US product, which allows subscribers to calculate their Best’s Capital Adequacy Ratio (BCAR) scores for property/casualty insurers that file U.S. statutory statements. The enhanced product applies the BCAR criteria released as part of the Best’s Credit Rating Methodology update that became effective on Oct. 13, 2017.

Best’s Capital Adequacy Ratio Model – P/C, US gives customers access to the same capital model used by A.M. Best's rating analysts to assess an insurer’s capitalization relative to its risk profile. With the enhanced product, subscribers can create records and adjustments for available capital and capital factors, and see how these changes affect a company’s required capital and BCAR scores at different confidence levels. The product includes 2016 annual statutory data for the updated BCAR model and five years of annual statutory data for the legacy model. BCAR scores can now be calculated at different confidence levels of values at risk: 95.0%, 99.0%, 99.5%, 99.6% and 99.8%.

For more information about Best’s Capital Adequacy Ratio Model – P/C, US, visit http://www.ambest.com/sales/bcarsystem

The Best’s Capital Adequacy Ratio Model – Universal product, primarily used for non –U.S. insurers, has also been enhanced to integrate the updated Best’s Credit Rating Methodology and criteria. For more information, visit http://www.ambest.com/sales/bcaru

A.M. Best is the world’s oldest and most authoritative insurance rating and information source.