A.M. Best Requests Comments on Draft Criteria: Understanding BCAR for U.S. and Canadian Life/Health Insurers

A.M. Best Co. is requesting comments from market participants in the insurance industry and other interested parties on the draft criteria report, "Understanding BCAR for U.S. and Canadian Life/Health Insurers" (updates version dated March 25, 2013).

In the draft criteria report, edits have been made to make the approach for evaluating surplus notes in Best's Capital Adequacy Ratio (BCAR) consistent with the approach explained in the new criteria report, "Evaluating U.S. Surplus Notes." In addition, the title has been changed to "Understanding BCAR for U.S. and Canadian Life/Health Insurers" from "Understanding BCAR for Life/Health Insurers." These updates are part of A.M. Best's continual review of its rating methodology and are not considered material or expected to affect the vast majority of ratings. Visit www.ambest.com/ratings/methodology to download a PDF copy of the draft report.

Written comments should be submitted by email to [e-mail] no later than Feb. 20, 2014. The details of any comments received may be made public unless specifically requested to be kept confidential.

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 © 2014 by A.M. Best Company, Inc. ALL RIGHTS RESERVED.

A.M. Best Co.
Duncan McColl, CFA, 908-439-2200, ext. 5826
Assistant Vice President, Rating Criteria
[e-mail]
or
Thomas Mount, ACAS, MAAA, CERA, 908-439-2200, ext. 5155
Vice President
[e-mail]
or
Rachelle Morrow, 908-439-2200, ext. 5445
Senior Manager, Public Relations
[e-mail]
or
Jim Peavy 908-439-2200, ext. 5644
Assistant Vice President, Public Relations
[e-mail]