A.M. Best Requests Public Comment on Draft Risk Management Methodology.OLDWICK, N.J. -- A.M. Best Co. is requesting comments from market participants The term market participant is used in United States constitutional law to describe a U.S. State which is acting as a producer or supplier of a marketable good or service. When a state is acting in such a role, it may permissibly discriminate against non-residents. in the insurance industry and other interested parties on a draft of its "Risk Management and the Rating Process for Insurance Companies." The draft document is currently available in the Methodology section of A.M. Best's homepage. Visit www.ambest.com/ratings/methodology.asp to download a PDF (Portable Document Format) The de facto standard for document publishing from Adobe. On the Web, there are countless brochures, data sheets, white papers and technical manuals in the PDF format. copy. The draft methodology outlines how risk management is incorporated into the overall rating process, including the development of capital requirements Capital requirements Financing required for the operation of a business, composed of long-term and working capital plus fixed assets. underpinning A.M. Best's rating Best's rating A rating A.M. Best Co. assigns to insurance companies based on the company's ability to meet its obligations to its policyholders. opinion on insurers and reinsurers. A.M. Best will consider feedback from any interested parties prior to publishing its methodology. Written comments can be submitted by email to rating.methodology@ambest.com, no later than April 6, 2007. Founded in 1899, A.M. Best Company is a full-service credit rating organization dedicated to serving the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. industries, including the banking and insurance sectors. For more information, visit www.ambest.com. |
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