1 Understanding Best's Financial Strength Ratings - interactive basis. In A Best's FSR can be assigned to an insurance company on an interactive or non both cases, the rating scale and descriptors are: Secure Vulnerable (Superior) B, B - (Fair) A++, A+ - (Excellent) C++, C+ (Marginal) A, A (Good) C, C - (Weak) B++, B+ D (Poor) (Under Regulatory Supervision) E F (In Liquidation) S (Suspended) Rating Modifiers may be assigned to Financial Strength Ratings. Modifier Descriptor Definition u Under Indicates the rating may change in the near term, typically within six Review months. Generally is event driven, with positive, negative or developing implications. Public Data Indicates rating assigned to insurer that chose not to participate in A.M. pd Best's interactive rating process (discontinued in 2010). Syndicate Indicates rating assigned to a Lloyd's syndicate. s - Ratings from A to C also may be enhanced with a "++" (double plus), "+" (plus) or " " (minus) to indicate whether credit quality is near the top or bottom of a category. to an interactive FSR to indicate its potential direction over an intermediate is assigned An Outlook term, generally defined as 12 to 36 months. An Outlook can be: Outlook Definition Positive Indicates possible rating upgrade due to favourable financial/market trends relative to the current rating level. unfavourable financial/market trends Negative Indicates possible rating downgrade due to relative to the current rating level. Stable Indicates low likelihood of a rating change due to stable financial/market trends. To enhance the usefulness of ratings, A.M. Best assigns each rated (A++ through D) insurance company a Financial Size Category (FSC). The FSC is based on adjusted policy holders' surplus (PHS) and is designed to provide a convenient indicator of the size of a company in terms of its statutory surplus and related accounts. Many insurance buyers only want to consider buying insurance coverage from companies that they believe have sufficient financial capacity to provide the necessary policy limits to insure their risks. Although companies utilize reinsurance to reduce their net retention on the policy limits they underwrite, many buyers still feel more comfortable buying from companies perceived to have greater financial capacity.
2 Financial Size Category Adj. PHS ($ Millions) Adj. PHS ($ Millions) Class Class Less than 1 IX I 250 to 500 II 1 to 2 X 500 to 750 2 to 5 XI 750 to 1,000 III IV 5 to 10 XII 1,000 to 1,250 V XIII 1,250 to 1,500 10 to 25 VI 25 to 50 XIV 1,500 to 2,000 VII 50 to 100 XV 2,000 or greater VIII 100 to 250 Not Rated Designation The Not Rated (NR) designation is assigned to companies that are not rated by A.M. Best.
IMPLEMENTATION HANDBOOK FOR THE CONVENTION ON THE RIGHTS OF THE CHILD FULLY REVISED THIRD EDITION IMPLEMENTATION HANDBOOK IMPLEMENTATION HANDBOOK FOR THE CONVENTION ON THE FOR THE CONVENTION ON THE RI...More info »
Building Excellent Schools Today (BEST) Annual Report Submitted to: Senate Education Committee Senate Finance Committee House Education Committee House Finance Committee Capital Development Committee ...More info »
Best Av AilABle techniques for Preventing And controlling industriAl Pollution Activity 2: Approaches to establishing Best Available t echniques (BA t) Around the WorldMore info »
Arizona Department of Education , Superintendent of Public Instruction Kathy Hoffman Exceptional S tudent S ervices Arizona Technical Assistance System (AZ -TAS) Speech -Language Services i n A rizona...More info »
WaterSense at Work Best Management Practices for Commercial and Institutional FacilitiesMore info »