AM Best

Our Mission: Learn how AM Best's mission supports insurance stakeholders by assessing insurer creditworthiness and the performance of related parties. https://bit.ly/3XKKkU8 #AMBest #insuranceindustry #insurance #globalprovider

Flood insurance’s role is being reevaluated now that cat and non-cat events have led to torrential rain and widespread problems, according to a recent panel discussion at the Wholesale & Specialty Insurance Association Annual Marketplace. Read an edited transcript of the discussion here: https://bit.ly/4hxMXSo #FloodInsurance #Insurance #InsuranceIndustry WSIA (Wholesale & Specialty Insurance Association)

On October 4, AM Best employees volunteered with America's Grow-a-Row, a non-profit organization that provides fresh produce to those facing hunger throughout the Northeast. The AM Best team helped harvest 86,600 pounds of squash and potatoes, or 346,000 servings, at the organization’s Milford, NJ, location. AM Best employees are making a difference! We're proud of their dedication. #community #volunteer #AMBest America's Grow-a-Row

In a three-part presentation, insurance and data experts spoke with AM Best TV about how evolving technology is playing an increasingly integral role in the industry. Read edited transcripts of the discussions here: https://bit.ly/3YO4LRZ #Technology #Insurers #InsuranceIndustry #Insurance

Read more: https://bit.ly/3YqphGV AM Best’s population of global #reinsurance companies posted a return on equity (ROE) of 22% in 2023, a five-year high, driven mainly by a turnaround in unrealized losses from the previous year and strong underwriting performance. #insurance #insurers #reinsurers #globalreinsurance #insuranceindustry

Read more: https://bit.ly/4hCtm3z Higher utilization of #Medicare Advantage and a lower level of increase to reimbursement rates has led to rising loss ratios and narrowing profitability among #health #insurers offering these plans. #insurance #healthinsurance #MedicareAdvantage #insuranceindustry

The workers’ compensation segment continues to outperform every other line of business in the U.S. property/casualty industry, bolstered by ongoing declines in loss frequency and favorable reserve development, according to a new Best’s Market Segment Report. Read an interview with AM Best analysts that highlights the report: https://bit.ly/40wAtEx #Property #Casualty #Insurance #WorkersCompensation #InsuranceIndustry

Access here: https://bit.ly/3UJSGuu The value of surrendered annuity policies among US #life/#annuity writers increased 19% through the first half of 2024, compared with the same prior-year period. #insurance #lifeinsurance #annuityinsurance #insuranceindustry

After a seven-year stretch in which there were no new reciprocal insurance exchanges, at least 21 launched between 2017 and 2024. Ten are domiciled in catastrophe-prone Florida, including five within the last two years. Find out more about reciprocals here: https://bit.ly/48yrOUa #Florida #InsuranceMarket #InsuranceIndustry #ReciprocalInsurance

This month, Best’s Review examines the recent proliferation of reciprocal insurance exchanges—at least 21 reciprocals have launched between 2017 and 2024, and nearly half are domiciled in Florida. The issue also includes exclusive rankings of U.S. life/health investment returns and U.S. property/casualty asset distribution. Read the new Best's Review November issue here: https://bit.ly/3NPd1ee #Florida #ReciprocalInsurance #Investment #InsuranceIndustry #Insurance