TMCnet News
A.M.BestTV: A.M. Best Panel Updates Capital Model DevelopmentsThis episode of A.M.BestTV highlights a recent webinar where two senior members of A.M. Best's Rating Division provided updates on changes to the agency's capital model, known as Best's Capital Adequacy Ratio (BCAR). Click on http://www.ambest.com/v.asp?v=capmodel515 to view the video program. In the episode, Senior Vice President Matthew Mosher speaks about where the ongoing process is presently. "Right now we're still looking through the remainder of the 2014 property/casualty (P/C) carriers but also the impact on life carriers, as well as other models such as Canadian and title BCAR models to see the impact on all these issues because obviously, as we update the asset risk factors in one model, that's going to be the view of risk across the board. It's not going to be in just the P/C model, we're going to look at it for all the models." Vice President Thomas Mount explains how BCAR is used, the proposed BCAR approach, the overview of the planned changes and what next steps A.M. Best will be taking in the process. "The BCAR model falls under the term of balance sheet strength, but it is not the only issue. A.M. Best is looking at operating performance, business profile, risk management issues and lifts and drags from affiliates. BCAR is used as an analytical tool and most importantly, as a basis for a company and A.M. Best to have a discussion. A.M. Best does not propose to change the look and feel of the model, but to update various approaches, with the next steps being to have discussions with various industries and draft methodology criteria procedures." Click on http://www.ambest.com/webinars/capmodel515 to view the entire webinar.
Recent episodes of
A.M.BestTV covers exclusive A.M. Best information and reports, targeted topics and key developments in the (re)insurance industry every Monday, Wednesday and Friday. Sign up for alerts of episodes at http://www.ambest.com/multimedia/ambtvsignup.html. View A.M.BestTV episodes at http://www.ambest.tv. 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 © 2015 by A.M. Best Company, Inc. ALL RIGHTS RESERVED. View source version on businesswire.com: http://www.businesswire.com/news/home/20150527006277/en/ |