AM Best to Sponsor and Lead Innovation Criteria-Focused Session at NAMIC's 125th Annual Convention
AM Best Rating Services President & CEO Matthew C. Mosher will lead a session, titled, "Understanding the AM Best Innovation Scoring Methodology," at the National Association of Mutual Insurance Companies' (NAMIC) 125th Annual Convention, to be held Sept. 21-23, 2020.
AM Best believes the accelerated pace of change in society, climate and technology has made innovation increasingly critical to the long-term success of insurance companies. AM Best in March 2020 formally integrated its new criteria procedure, "Scoring and Assessing Innovation," into its rating process, which outlines how AM Best explicitly will consider an insurance company's innovation efforts. During the educational session at the NAMIC conference, Mosher will review the key components of the criteria procedure, offer insight on the industry's innovation scores and discuss his observations on the industry's innovation efforts.
"Those insurers that successfully incorporate innovation will likely strengthen their organizations, improve their efficiency and better serve their customer base, while those that fail to innovate may find it difficult to sustain long-term profitability and success," said Mosher.
The session will take place Wednesday, Sept. 23, at 12:30 p.m. (EDT).
AM Best is a longtime sponsor of the NAMIC conference, which offers a multitude of seminars focused on mutual insurance trends and networking opportunities. AM Best also will exhibit through an online booth at the conference, where visitors can learn about the rating agency, its role in the insurance industry and the resources it offers to insurance professionals, including Best's Credit Ratings, insurance data and analysis resources and financial data products, such as:
More information about the conference is available at https://www.namic.org/edu/convention.
AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in New York, London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.
Copyright © 2020 by A.M. Best Company, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
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