AM Best proposes revisions to rating system
AM Best has proposed revisions to its core credit rating methodology, Best’s Credit Rating Methodology (BCRM).
Concurrently, the firm has released proposed revisions for the criteria procedure for the US property/casualty (P/C) Best’s Capital Adequacy Ratio (BCAR).
AM Best is requesting comments from all interested parties on these draft documents, which are currently available in the methodology section of the rating firm’s website.
Written comments should be submitted to the firm no later than June 30, 2016. The details of any comments received may be made public unless specifically requested to be kept confidential.
Implementation of the new credit rating methodology and BCAR models is expected in the first quarter of 2017.
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