Press Release - JULY 01, 2019

AM Best Managing Director to Discuss Draft Innovation Criteria at National Council of Insurance Legislators’ Summer Meeting

 Christopher Sharkey
Manager, Public Relations
+1 908 439 2200, ext. 5159

Jim Peavy
Director, Public Relations
+1 908 439 2200, ext. 5644


OLDWICK - JULY 01, 2019
Stephen A. Irwin, managing director, credit rating criteria, research and analytics at AM Best, will discuss the rating agency’s draft criteria procedure on innovation at the National Council of Insurance Legislators’ (NCOIL) 2019 Summer Meeting in Newport Beach, CA, on July 12, 2019.

Irwin will lead a presentation, titled, “Measuring the Immeasurable? A Discussion on AM Best’s Proposal to Score and Assess Insurer Innovation,” during the Financial Services and Multi-Lines Issues Committee meeting, which begins at 9:00 a.m. PDT. He will discuss AM Best’s plan for evaluating an insurer’s level of innovation and to what extent that evaluation ultimately will impact the measure of an insurer’s financial strength. AM Best’s draft innovation criteria procedure was released in March 2019.

Irwin is primarily responsible for coordinating the development and dissemination of AM Best rating criteria and the associated analytics. He also oversees the industry research and economic analysis groups that are responsible for the creation and distribution of industry research and economic analysis in support of AM Best’s credit ratings and criteria, for the purposes of publication.

The NCOIL Summer Meeting runs from July 10-13, 2019, at the Newport Beach Marriott Hotel & Spa. NCOIL educates state legislators on insurance issues, writes model laws in insurance and works to preserve state jurisdiction over insurance. For the meeting agenda, please visit the event overview.

AM Best is a trusted source of insurance market insight and data, and the only global credit rating agency with a unique focus on the insurance industry. Best’s Credit Ratings are a recognized indicator of insurer financial strength and creditworthiness.