A.M. Best Assigns Ratings To 15 Canadian Life Insurers.Business Editors OLDWICK, N.J.--(BUSINESS WIRE)--Aug. 1, 2000 A.M. Best Co. has assigned "qualified" ratings to 15 Canadian life insurers previously rated by TRAC TRAC - Text Reckoning And Compiling Insurance Services. A.M. Best now provides rating coverage for 96 Canadian life insurers, giving A.M. Best the greatest rating penetration of any rating agency in the Canadian market. The following Canadian life insurance companies have received the Best's Qualified Rating: - Aegis Insurance Corp.--B+ q - Cigna Life Insurance Company of Canada--B+ q - CNA (Certified NetWare Administrator) See Novell certification. Life Insurance Company of Canada--B+ q - Commercial Union Life Assurance Company of Canada--B++ q - Cumis Life Insurance Co.--B++ q - The Equitable Life Equitable Life may refer to:
- Federated Connected and treated as one. See federated database and federated directories. Life Insurance Company of Canada--B++ q - GAN VIE Compagnie Francaise d'Assur. sur la vie (Canadian Branch)--B+ q - Norwich Union Norwich Union is an insurance company in the UK. It is the biggest life-insurer in the UK, and has a strong position in motor insurance. It is part of the Aviva group, itself created by a merger of Norwich Union and CGU plc in 2000. Life Insurance Co. (Canada)--B++ q - Penncorp Life Insurance Co.--B+ q - Primerica Life Insurance Company of Canada--B++ q - Reliable Life Insurance Co.--B+q - Scotia Scotia (skō`shə), originally the Latin name for Ireland. In the Middle Ages, it was used to refer to Scotland, to which the Scots had migrated from Ireland. Today it is used poetically. Life Insurance Co.--B+ q - Toronto Mutual Life Insurance Co.--B+ q - The Western Life Assurance Co.--B+ q Ratings and reliable industry data benefit the insurance market through increased transparency and availability of standardized standardized pertaining to data that have been submitted to standardization procedures. standardized morbidity rate see morbidity rate. standardized mortality rate see mortality rate. and valuable information. Best's Qualified Ratings are based on 15 tests in the three major analytical areas of financial strength, operating performance and market profile. Financial strength measures are assigned the greatest weight (55%), followed by operating performance (30%) and market profile (15%). The Best's Qualified Rating process uses a more sophisticated weighting mechanism than TRAC's pass/fail method and is similar to, but less rigorous than, A.M. Best's interactive rating process. Best's Qualified Ratings, while based only on publicly available information, represent an improvement over the TRAC Score rating process--which was based on eight pass/fail tests--and are available free of charge on the Internet at www.ambest.com. Generally, companies assigned Secure Best's Qualified Ratings of Aq to B+q have strong to adequate capitalization relative to the business they underwrite To insure; to sell an issue of stocks and bonds or to guarantee the purchase of unsold stocks and bonds after a public issue. The word underwrite has two meanings. , satisfactory operating results and a good market profile, such as business and/or geographic diversification. Companies assigned Vulnerable Best's Qualified Ratings of Bq to Dq have low or inadequate capitalization, a history of adverse claims development, poor operating performance or exhibit other market vulnerabilities. A.M. Best Co., established in 1899, is the world's oldest and most authoritative insurance rating and information source. For more information, visit A.M. Best's Web site at www.ambest.com. |
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