Press Release - SEPTEMBER 04, 2019

AM Best Associate Directors to Give Country Risk Presentation at Annual Casualty Loss Reserve Seminar

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

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


AM Best Associate Directors Ann Modica and Brad Herman will deliver a presentation, titled, “Political Risk and Emerging Markets and its Implications on Insurance Ratings,” at the 2019 Casualty Loss Reserve Seminar, which will take place Sept. 16-18, 2019, in Austin, TX.

The presentation will focus on how economic, political and financial system risks across emerging markets may impact AM Best’s ratings process. As part of evaluating country risk, AM Best identifies the various factors within a country that directly or indirectly may affect an insurance company’s ability to meet its financial obligations. Country risk is evaluated and factored into all AM Best ratings. The presentation is scheduled for Tuesday, Sept. 17, 2019, at 10 a.m. (CDT).

Modica heads up AM Best’s country risk team, and is responsible for the creation and distribution of economic analysis and research in support of AM Best’s credit ratings. Herman is part of the rating agency’s quantitative analysis group, and is responsible for the design, coding and parameterization of AM Best’s capital adequacy model for property/casualty companies and of the quantitative metrics used by rating analysts.

The seminar will take place at the Fairmount Austin Hotel, and is hosted by the Casualty Actuarial Society and the American Academy of Actuaries. The Casualty Actuarial Society is a credentialing and professional education organization focused on property/casualty risks. The American Academy of Actuaries advocates for public policy positions and sets professional standards for actuaries. For more about the seminar, please visit the event page.

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.