-

Best's Review Examines Insurance Accountants’ Challenges

OLDWICK, N.J.--(BUSINESS WIRE)--In its July issue, Best’s Review reports on the issues that insurance accountants are facing, such as the ongoing remediation and implementation of IFRS 17. Staffing issues within the insurance industry have led to gaps that technology can’t bridge as of today, according to Joe Kowalczyk, managing partner of Crowe LLP’s insurance services. Additionally, insurers are depending on accountants to make sure new and updated tech platforms have the right controls in place, particularly around cyber and artificial intelligence. Read the article here.

Best’s Review is AM Best’s monthly insurance magazine, covering emerging issues and trends and evaluating their impact on the marketplace. Access to the complete content of Best’s Review is available here.

For Best’s Review advertising opportunities and a complete media kit, visit AM Best Advertising Services.

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.

Copyright © 2025 by A.M. Best Company, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

Contacts

Patricia Vowinkel
Executive Editor, Best’s Review
+1 908 882 1771
patricia.vowinkel@ambest.com

Industry:

AM Best

Release Versions
English

Contacts

Patricia Vowinkel
Executive Editor, Best’s Review
+1 908 882 1771
patricia.vowinkel@ambest.com

More News From AM Best

AM Best Revises Issuer Credit Rating Outlook to Negative for Investors Heritage Life Insurance Company

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has revised the outlook to negative from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term ICR of “bbb+” (Good) of Investors Heritage Life Insurance Company (IHLIC) (Frankfort, KY). The outlook of the FSR is stable. The ratings reflect IHLIC’s balance sheet strength, which AM Best assesses as adequate, as well as its adequate operating performance, neutral busines...

AM Best Affirms Credit Ratings of Global Indemnity Group, LLC and Its Subsidiaries

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” (Excellent) of the U.S. operating subsidiaries of Global Indemnity Group, LLC (Global Indemnity) (Delaware) [NASDAQ: GBLI]. Concurrently, AM Best has affirmed the Long-Term ICR of “bbb” (Good) of Global Indemnity. (See below for a complete list of companies and ratings.) The outlook of these Credit Ratings (ratings) is stable. T...

AM Best Revises Outlooks to Negative for Utica First Insurance Company

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” (Excellent) of Utica First Insurance Company (Utica First) (Oriskany, NY). The Credit Ratings (ratings) reflect Utica First’s balance sheet strength, which AM Best assesses as very strong, as well as its marginal operating performance, neutral business profile and appropriate enterpris...
Back to Newsroom