Country Risk

A.M. Best defines country risk (read the methodology) as the risk that country-specific factors could adversely affect an insurer's ability to meet its financial obligations. Country risk is evaluated and factored into all A.M. Best ratings. As part of evaluating country risk, A.M. Best identifies the various factors within a country that may directly or indirectly affect an insurance company.

Countries are placed into one of five tiers, ranging from Country Risk Tier 1 (CRT-1), denoting a stable environment with the least amount of risk, to Country Risk Tier 5 (CRT-5) for countries that pose the most risk and, therefore, the greatest challenge to an insurer's financial stability, strength and performance.

A.M. Best's country risk evaluation does not impose a ceiling on ratings.

A.M. Best incorporates transfer and convertibility risk (T&C risk) into its holding company and debt ratings (read the methodology). A list of A.M. Best's T&C Ceilings can be found here.

Questions about A.M. Best's Country Risk Methodology may be directed to: country.risk@ambest.com.

List of A.M. Best Non-U.S. Ratings

Country List - All CRTs

Select the Tier from the list below to narrow the view to include only those countries within the Tier.

View Only: CRT-1 CRT-2 CRT-3 CRT-4 CRT-5 All Print

Algeria CRT- 5 Ghana CRT- 5 Nicaragua CRT- 5
Anguilla CRT- 3 Gibraltar CRT- 1 Nigeria CRT- 5
Antigua And Barbuda CRT- 4 Guatemala CRT- 5 Norway CRT- 1
Argentina CRT- 4 Guernsey CRT- 1 Oman CRT- 3
Australia CRT- 1 Honduras CRT- 5 Pakistan CRT- 5
Austria CRT- 1 Hong Kong CRT- 2 Panama CRT- 4
Bahamas CRT- 3 India CRT- 4 Peru CRT- 4
Bahrain CRT- 3 Indonesia CRT- 4 Philippines CRT- 4
Barbados CRT- 2 Ireland CRT- 2 Poland CRT- 3
Belarus CRT- 5 Isle Of Man CRT- 1 Qatar CRT- 3
Belgium CRT- 2 Israel CRT- 3 Russia CRT- 4
Bermuda CRT- 2 Italy CRT- 2 Saint Kitts And Nevis CRT- 3
Bolivia CRT- 5 Jamaica CRT- 5 Saudi Arabia CRT- 3
Bosnia And Herzegovina CRT- 5 Japan CRT- 2 Singapore CRT- 1
Brazil CRT- 3 Jersey CRT- 1 Slovenia CRT- 2
British Virgin Islands CRT- 2 Jordan CRT- 4 South Africa CRT- 3
Brunei Darussalam CRT- 4 Kazakhstan CRT- 4 South Korea CRT- 2
Canada CRT- 1 Kenya CRT- 5 Spain CRT- 2
Cayman Islands CRT- 2 Kuwait CRT- 3 Sweden CRT- 1
Chile CRT- 2 Lebanon CRT- 5 Switzerland CRT- 1
China CRT- 3 Libya CRT- 5 Syria CRT- 5
Colombia CRT- 4 Liechtenstein CRT- 2 Taiwan CRT- 2
Costa Rica CRT- 4 Luxembourg CRT- 1 Thailand CRT- 3
Cyprus CRT- 3 Macau CRT- 2 Trinidad And Tobago CRT- 3
Denmark CRT- 1 Malaysia CRT- 3 Tunisia CRT- 4
Dominican Republic CRT- 5 Malta CRT- 3 Turkey CRT- 4
Ecuador CRT- 5 Mauritius CRT- 4 Ukraine CRT- 5
Egypt CRT- 5 Mexico CRT- 3 United Arab Emirates CRT- 3
El Salvador CRT- 4 Morocco CRT- 4 United Kingdom CRT- 1
Finland CRT- 1 Netherlands CRT- 1 United States CRT- 1
France CRT- 1 Netherlands Antilles CRT- 3 Venezuela CRT- 5
Germany CRT- 1 New Zealand CRT- 2 Vietnam CRT- 5

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