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Best's Special Report: Best's Impairment Rate and Rating Transition Study - 1977 to 2018AM Best's latest special report on the long-term impairment rates of AM Best-rated U.S.-domiciled insurance companies states that three U.S. insurance companies became impaired in 2018, continuing a prolonged trend of low insurance industry impairments. The Best's Special Report, titled, "Best's Impairment Rate and Rating Transition Study - 1977 to 2018," marks AM Best's 16th study and is aimed at estimating the risk of impairment of U.S. insurers. The analysis covers 41 one-year periods from Dec. 31, 1977, to Dec. 31, 2018, and includes only U.S. insurers that had at least one Financial Strength Rating (FSR) or one corresponding Long-Term Issuer Credit Rating (ICR) during the period. The report provides summary statistics related to impairments on the FSR scale (13 points) and the ICR scale (21 points) most familiar to users of debt market ratings. Subsets of impairment-related data discussed in the report include:
To access a copy of this report, please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=286570. AM Best will present a webinar, "Best's Impairment Study 2018," on Tuesday, June 18, 2019, at 10 a.m. (EDT). During the event, AM Best analysts will review the results published in this report and address the challenges in comparing corporate default studies of other NRSROs with AM Best's impairment studies. To register for the complementary webinar, please visit http://www.ambest.com/webinars/impairment19. AM Best is a global rating agency and information provider with a unique focus on the insurance industry. Visit www.ambest.com for more information. Copyright © 2019 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
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