Best's Special Reports & Commentaries | Best's Journal | Best's Credit Rating Actions

Special Report: Positive Trends Continue for the US Economy
We expect healthy consumer fundamentals and accommodative monetary policy to provide stimulus to the economy in 2020.
February 10, 2020 - 8 Pages 

Commentary: Wuhan Coronavirus Epidemic Likely to Have Limited Loss Impact on China Non-Life Insurance Market
Government undertaking of medical costs associated with outbreak will likely limit insured losses.
February 03, 2020 - 3 Pages 

Commentary: Florida Insurers Brace for Challenging Risk/Reward Trade-Off in Upcoming June Renewals
Weakened balance sheet strength may spur consolidation in a challenging Florida market.
January 31, 2020 - 4 Pages 

Commentary: French Life Insurers Under Pressure to Cut Bonus Rates as Low Interest Rates Bite
The prevalence of euro-denominated contracts in French life insurers’ portfolios, combined with the interest rate environment, has been detrimental to solvency ratios.
January 31, 2020 - 4 Pages 

Commentary: Brexit Bells Ring For UK and EU Insurers
From an operational point of view, the UK’s departure from the EU on 31 January, 2020 will have little immediate impact on AM Best-rated insurers in either the UK or EU.
January 30, 2020 - 3 Pages 

Commentary: Coronavirus Highlights the Importance of Stress Testing
Reinsurers may face higher levels of risk than life/health insurers, given that reinsurers’ risk profiles entail higher exposures to mortality and morbidity risks.
January 29, 2020 - 3 Pages 

Market Segment Report: Thailand Non-Life Insurance Segment Remains Robust Despite Narrowing Profit Margins
Thai insurers face growing difficulties maintaining underwriting margins, which will require greater sophistication in pricing and operations.
January 28, 2020 - 7 Pages 

Special Report: Updated Net Capital Charge Tables for ACIS/CIRT Reinsurance Transactions
AM Best releases 2nd semiannual ACIS/CIRT Net Capital Charge tables.
January 27, 2020 - 8 Pages 

Commentary: Australian Insurers Able to Contend with Mounting Bushfire Losses
The 2019/20 bushfire season will clearly be one of the costliest on record for Australia.
January 24, 2020 - 5 Pages 

Market Segment Report: UK Non-Life Insurers Face Strong Competition and Claims Inflation
The 2019 results of UK Non-Life insurers will be hit by losses relating to the floods that affected Yorkshire and the Midlands.
January 15, 2020 - 6 Pages 

Special Report: Latin America: Economic and Political Risks May Subside in 2020
Latin America has experienced several headwinds in recent years owing to a number of factors, but the region's economies may rebound somewhat in 2020, which could lead to growth for the insurance industry.
January 14, 2020 - 14 Pages 

Market Segment Report: Market Segment Outlook: Brazil Reinsurance
Our outlook remains at Negative, although conditions in the country appear to be improving.
January 06, 2020 - 3 Pages 

Market Segment Report: Declining Rates Could Threaten Profitability of Workers’ Compensation Line
The workers’ compensation line remains a profitable one, although heightened competition, in addition to declining average rates, could dampen results.
December 20, 2019 - 26 Pages 

Market Segment Report: Market Segment Outlook: Panama Insurance
Outlook for Panamanian insurance market remains Stable but uncertainty surrounding trade protectionist policies causes concern.
December 13, 2019 - 3 Pages 

Special Report: US Medicare Supplement – A Growth Segment
The segment is highly concentrated, and much of the line’s growth has thus far been driven by the top players.
December 11, 2019 - 8 Pages 

Market Segment Report: Nonstandard Auto Writers Maintain Positive Momentum
Sustained positive momentum for PPNSA market through mid-year 2019 in terms of both premium growth and operating profitability.
December 10, 2019 - 15 Pages 

Special Report: 2018 US Life/Health Impairments Update
Only two companies became impaired in 2018.
December 09, 2019 - 13 Pages 

Special Report: 2018 US Property/Casualty Impairments Update
Eleven impairments occurred in 2018.
December 09, 2019 - 14 Pages 

Market Segment Report: Market Segment Outlook: US Commercial Lines
Improving pricing environment and strengthening underwriting practices underscore Stable outlook for commercial lines segment.
December 05, 2019 - 4 Pages 

Market Segment Report: Market Segment Outlook: Global Life Reinsurance
The global life reinsurance market remains competitive but offers very favorable growth opportunities over a longer time horizon.
December 05, 2019 - 4 Pages 

Market Segment Report: Market Segment Outlook: US Personal Lines
Lower cats and underwriting actions further strengthen risk-adjusted capitalization.
December 05, 2019 - 4 Pages 

Market Segment Report: Market Segment Outlook: US Life/Annuity
Our Stable outlook is based on the segment’s strong capitalization, improved liquidity, and manageable regulatory environment, as well as modest top-line growth and limited innovation initiatives.
December 05, 2019 - 4 Pages 

Market Segment Report: Market Segment Outlook: Global Non-Life Reinsurance
The global non-life reinsurance outlook remains Stable as third-party capital buffers large catastrophe losses.
December 05, 2019 - 3 Pages 

Market Segment Report: Market Segment Outlook: Global Reinsurance
Global reinsurance Stable outlook maintained owing to improving pricing environment for non-life and stable operating performance for life.
December 05, 2019 - 4 Pages 

Market Segment Report: Market Segment Outlook: US Health
Health outlook remains Stable but ACA litigation and political factors add a cloud of uncertainty.
December 05, 2019 - 4 Pages 

Special Report: First Look – 9-Month 2019 Life/Annuity Financial Results
The L/A segment’s income rose slightly in the first nine months of the year, with a $56.9 billion increase in premiums and annuity considerations offsetting a $41.1 billion decline in other income.
November 26, 2019 - 5 Pages 

Special Report: US Life/Annuity Insurers’ BBB Bond Exposures Continue to Grow
Since the financial crisis, the L/A segment has held the highest percentage of BBB securities, while the smaller exposures of the P/C and health segments have doubled.
November 25, 2019 - 7 Pages 

Market Segment Report: Rated Bermuda, Cayman Islands, and Barbados Captives Steadily Navigate Market Cycles
The operating performance and results of the rated Bermuda, Cayman Islands, and Barbados captives remain remarkably consistent—once again outpacing the US commercial casualty composite.
November 25, 2019 - 7 Pages 

Special Report: European Captives 2019 – Building Block Rating Considerations
AM Best's European captive ratings have been stable through the past year, with all of the ratings affirmed and their stable outlooks maintained.
November 21, 2019 - 13 Pages 

Special Report: Life/Annuity Holdings of Structured Notes on the Rise
Holdings of structured notes have increased substantially but they still constitute a relatively small portion of insurers’ general accounts—roughly 1% of the segment’s total invested assets in 2018.
November 21, 2019 - 4 Pages