A.M. Best Updates U.S. Property/Casualty Supplemental Rating Questionnaire

OLDWICK, N.J.--()--A.M. Best has updated its 2015 statement year “Property/Casualty Supplemental Rating Questionnaire” (SRQ) in several key areas. The areas affected include: Other Liability Coverages; Natural Catastrophe Probable Maximum Loss (PML) Analysis; Terrorism Death Benefit Tables; and Cyber Risk.

The request for direct premiums written by type of coverage within the other liability annual statement lines of business shows which types of other liability coverage the rating unit issued on a direct basis and will be compared to the amount of business kept on a net of reinsurance basis. A request for natural catastrophe reinsurance program features will indicate whether an adjustment to PMLs may be necessary when performing stress tests and also when evaluating the rating unit’s catastrophe risk management program. Changes to the death benefit tables in the terrorism section were made to reflect the most recent available benefit information by each respective state. There is also an additional request for policyholder level information pertaining to cyber coverages. This information will be used to monitor the accumulation of cyber risk being provided to the rating unit’s largest policyholders and will be utilized to assess the potential loss exposure and corresponding impact on a rating unit’s capitalization.

A copy of the new and revised property/casualty questions can be accessed at www.ambest.com/srq.

A.M. Best is the world's oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.

Copyright © 2016 by A.M. Best Company, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

Contacts

A.M. Best Company, Inc.
Robert Raber, 908-439-2200, ext. 5696
Senior Financial Analyst
robert.raber@ambest.com
or
Thomas Mount, 908-439-2200, ext. 5155
Vice President
thomas.mount@ambest.com
or
Christopher Sharkey, 908-439-2200, ext. 5159
Manager, Public Relations
christopher.sharkey@ambest.com
or
Jim Peavy, 908-439-2200, ext. 5644
Assistant Vice President, Public Relations
james.peavy@ambest.com

Contacts

A.M. Best Company, Inc.
Robert Raber, 908-439-2200, ext. 5696
Senior Financial Analyst
robert.raber@ambest.com
or
Thomas Mount, 908-439-2200, ext. 5155
Vice President
thomas.mount@ambest.com
or
Christopher Sharkey, 908-439-2200, ext. 5159
Manager, Public Relations
christopher.sharkey@ambest.com
or
Jim Peavy, 908-439-2200, ext. 5644
Assistant Vice President, Public Relations
james.peavy@ambest.com