Updated Rating Evaluation Procedure Unveiled by AM Best: 'National Scale Ratings' Modified
AM Best Expands Best's National Scale Ratings Coverage to Three Additional Countries
In a recent press release issued by Business Wire, global credit rating agency AM Best announced the revision of its Best's National Scale Ratings (NSR) criteria procedure. This update, effective immediately, introduces coverage for three additional countries: Algeria, Brazil, and Thailand.
AM Best, a leading provider of credit ratings, news, and data analytics in the insurance industry, did not receive any written comments during the Call for Comment (CFC) period regarding the proposed revisions to the criteria procedure.
The revised NSR criteria procedure is designed to provide a relative opinion of an insurance company's financial strength within a single country. NSRs are constructed based on the financial characteristics of (re)insurers that are domiciled in the country.
It is important to note that this revision will not result in a change to any currently published Best's Credit Ratings. The updated criteria procedure is available on AM Best's official website at http://www.ambest.com/ratings/methodology.asp, while the related mapping scales document can be found at https://www3.ambest.com/ratings/cr/crisk.aspx.
For more detailed information on the countries included in the revised NSR criteria procedure, you may need to refer directly to AM Best's official publications or announcements.
Key personnel at AM Best, including Ann Modica (Director of Credit Rating Criteria, contact: 1 908 882 2127, [email protected]), Robert Raber (Senior Director of Credit Rating Criteria, contact: 1 908 882 2261, [email protected]), Christopher Sharkey (Associate Director of Public Relations, contact: 1 908 882 2310, [email protected]), and Al Slavin (Senior Public Relations Specialist, contact: 1 908 882 2318, [email protected]), are listed in the press release.
As of 2025, AM Best does business in over 100 countries with regional offices in various locations including London, Amsterdam, Dubai, Hong Kong, Singapore, and Mexico City. The press release can be viewed on the Business Wire website.
In summary, AM Best has expanded its Best's National Scale Ratings coverage to three additional countries: Algeria, Brazil, and Thailand. The revised criteria procedure is now in effect, and detailed information can be found on AM Best's official website.
Cloud-based financial news platform can now provide updates on the insurance industry, as AM Best's Best's National Scale Ratings coverage expands to include Algeria, Brazil, and Thailand, making global business analysis more comprehensive.
Businesses in these three countries may find it beneficial to monitor the financial strength of their insurance companies, as AM Best's updated Best's National Scale Ratings will provide a comparative analysis of these companies within their respective countries.
