Help

BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

Login Register Subscribe

A.M. Best plans to add innovation score, requests comments

Reprints
Innovation A.M. Best rating

A.M. Best Co. plans to add an innovation component to its ratings and is requesting comments from market participants in the insurance industry and other interested parties on the draft of a new criteria procedure Scoring and Assessing Innovation, Best said in a statement Thursday.

Best has captured innovation indirectly in the past “through the various building blocks of its rating process,” it said.

Its evaluation of a company’s innovation level, outlined in the draft criteria procedure, will be based on two elements, innovation inputs and innovation outputs, the statement said.

Best said it plans to “explicitly” consider whether a company’s innovation efforts, or lack thereof, have had a demonstrable positive or negative impact on its long-term financial strength, and expects that all rated companies eventually will be scored and assigned a published innovation assessment.

The draft criteria procedure is available at www.ambest.com/ratings/methodology, and written comments should be submitted by email to methodology.commentary@ambest.com by May 13, 2019, the Best statement said.

 

 

 

 

 

 

Read Next