AM Best to Present Market Briefing at American Property Casualty Insurers Association’s Annual Meeting

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best will host a market briefing on the state of the U.S. property/casualty insurance industry, as well as an update on the Best’s Performance Assessment for Delegated Underwriting Authority Enterprises (DUAE), in conjunction with the American Property Casualty Insurers Association’s (APCIA) Annual Meeting on Monday, Nov. 1, 2021, in Denver.

Stefan Holzberger, chief rating officer, and Greg Williams, senior director, both of AM Best, will lead the session. Topics to be discussed include market segment outlooks for the personal and commercial lines of business within the U.S. property/casualty segment, as well as financial performance trends. The session also will cover key topics such as the upcoming release of Best’s Performance Assessment for DUAEs. AM Best defines DUAE as a blanket term to capture managing general agents, managing general underwriters, coverholders, program administrators, program underwriters, underwriting agencies, direct authorizations and appointed representatives. The Performance Assessment is a forward-looking, independent and objective non-credit opinion that provides a framework for differentiating among DUAEs in the insurance industry. Also as part of the briefing, the analysts will explain how environment, social and governance (ESG) factors are incorporated into Best's Credit Ratings. The session begins at 2 p.m. (MDT) in The Vail Room at the Sheraton Denver Downtown Hotel, the same location as the APCIA conference.

The purpose of the APCIA is to advocate for its members’ public policy positions in all 50 states and in the U.S. Congress, as well as to keep members current on the information that is critical to their businesses. The annual APCIA event runs from Oct. 31-Nov. 2. AM Best also is sponsoring the opening cocktail reception on Oct. 31, from 4:30 p.m. to 6 p.m. (MDT) at the Sheraton hotel.

Both events are open to APCIA attendees. To register, or for additional information about the APCIA and the annual conference, please visit the event webpage and agenda or email [e-mail].

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

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