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Best's Rating Changes.

This summary of Best's Rating Changes lists life/health, property/casualty and international insurers, as well as health maintenance organizations, that had ratings assigned, changed or placed under review since this section last appeared in the November 2000 edition of Best's Review.

Best's Rating Changes is an abbreviated version of Best's Rating Monitor. Previously a stand-alone publication, Best's Rating Monitor is now a featured section in Best's Viewpoint, a publication available as a supplement to Best Week, A.M. Best Co.'s weekly news report.

Best's Rating Monitor contains a compilation of all recent rating releases plus supporting rationales for the industry's largest insurance groups and for insurers whose ratings were changed or placed under review.

For comprehensive ratings and company information, free of charge, visit www.ambest.com/ratings/access.html. For more information on how to obtain A.M. Best Co. products and publications, including Best's Ratings and Best's Company Reports for individual companies, see page 143. See page 24 for the Current Guide to Best's Ratings and the August 2000 edition of Best's Review for the Detailed Rating Definitions page.

CURRENT GUIDE TO BEST'S RATINGS

BEST'S RATINGS AND FINANCIAL PERFORMANCE RATINGS (FPR)

A.M. Best assigns to insurance related organizations one of two types of rating opinions, a Best's Rating (A++ to F) or a Financial Performance Rating (9 to 1). The Best's Rating represents an opinion based on a comprehensive quantitative and qualitative evaluation of a company's balance sheet strength and operating performance. The FPR represents an opinion based primarily on a quantitative evaluation of a company's financial strength and operating performance for companies that do not meet the minimum size and/or operating experience requirements for a Best's Rating.

Secure Best's Ratings

A++ and A+ Superior

A and A- Excellent

B++ and B+ Very Good

Vulnerable Best's Ratings

B and B- Fair

C++ and C+ Marginal

C and C- Weak

D Poor

E Under Regulatory Supervision

F In Liquidation

S Rating Suspended

Secure FPR Ratings

FPR 9 Very Strong

FPR 8 and 7 Strong

FPR 6 and 5 Good

Vulnerable FPR Ratings

FPR 4 Fair

FPR 3 Marginal

FPR 2 Weak

FPR 1 Poor

RATING MODIFIERS and AFFILIATION CODES

Under Review (u) Rating Modifiers are assigned to Best's Ratings and Financial Performance Ratings to identify companies whose rating opinions are Under Review and may be subject to near-term change. Qualified (q) Rating Modifiers may be assigned to Health Maintenance Organizations (HMOs), Canadian insurers and UK insurers that meet the minimum size and operating experience requirements for a Best's Rating but do not subscribe to our interactive rating process. Best's Qualified Ratings are therefore based primarily on a quantitative analysis of a company's balance sheet strength and operating performance. Affiliation Codes are based on a Group (g), Pooling (p) or Reinsurance (r) affiliation with other insurers.

Rating Modifiers

u - Under Review

q - Qualified

Affiliation Codes

g - Group

p - Pooled

r - Reinsured

NOT RATED CATEGORIES (NR)

Companies not assigned a Best's Rating or FPR are assigned to one of five NR categories which identifies the primary reason a rating opinion was not assigned to the company. For additional information, refer to the Preface.

NR-1 Insufficient Data

NR-2 Insufficient Size and/or Operating Experience

NR-3 Rating Procedure Inapplicable

NR-4 Company Request

NR-5 Not Formally Followed

FINANCIAL SIZE CATEGORIES (FSC)

Assigned to all insurance companies and reflects their size based on their capital, surplus and conditional reserve funds in millions of U.S. dollars, using the scale below. For additional information, refer to the Preface.

FSC I less than 1

FSC II 1 to 2

FSC III 2 to 5

FSC IV 5 to 10

FSC V 10 to 25

FSC VI 25 to 50

FSC VII 50 to 100

FSC VIII 100 to 250

FSC IX 250 to 500

FSC X 500 to 750

FSC XI 750 to 1,000

FSC XII 1,000 to 1,250

FSC XIII 1,250 to 1,500

FSC XIV 1,500 to 2,000

FSC XV greater than 2,000
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Title Annotation:A.M. Best Company Inc. offers Best's Rating Changes version of Best's Rating Monitor
Publication:Best's Review
Article Type:Brief Article
Date:Dec 1, 2000
Words:669
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