OLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best Co. has released the annual edition of the BestESP Services – US software, which includes 2012 Property/Casualty, Life, Health, Separate Accounts and Title statements, as well as the Risk-Based Capital Reports and New York Supplement. BestESP Services – US, a Microsoft Windows-based software package, allows insurance companies to prepare, print and file quarterly and annual statements that comply with all NAIC and New York state regulatory requirements.
Enhancements to this year’s software include:
Validation Failure Explanations: Recording explanations for failed validations has been simplified with a number of changes, including:
- NAIC rule identifiers for failed validations are presented in a convenient tree view for ease of navigation. As each identifier in the tree is selected, a report of the associated computation and NAIC Long Description will be displayed.
- Identifiers with completed explanations are shown separately from those still requiring an explanation, for enhanced audit management.
- Explanations may be chosen from a standard or custom list, or entered for one time use.
Pre-Submission Status Report: This report has been enhanced with data analysis of the Schedule T, Grand Total pages, and Schedule P summaries, and will notify you if the pages are missing and what you need to do to generate the data.
Editing Row and Column Ranges in List Pages: Ranges of row and column data in list pages can now be edited using the Data Transfer Form. Data is grouped to facilitate faster entry, and multiple rows and columns can be transferred or incorporated from external spreadsheets to calculation pages with ease.
Prior-Year Schedule P Calculations: Calculations for the "Prior" line of Schedule P, Parts 2-4, have been added.
The registration and installation process has been simplified.
Complimentary training for the BestESP Services – US software is available online or at A.M. Best’s headquarters in Oldwick, N.J. Visit http://support.ambest.com/esp/training.html or call (908) 439-2200, ext. 5115, for more information about training opportunities.
To order, call (908) 439-2200, ext. 5339. Visit www.ambest.com/sales/esp for more information.
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