Number One e-Voting Platform Across The Globe Contact Us As We Are Here To Help. Customers Satisfaction You Are Highly Welcome To Squadlinq.com.ng!

You are welcome to Official squadlinq website! We highly appriciate your everyday visit to squadlinq.com.ng. Contact us: +2347019407440 +2348074071008, +17869030441, +234074071008. We are here to help

Insurer Downgrades Still Outnumbered by Upgrades: A.M. Best

Insurer Downgrades Jumped in 2018 But Were Still Outnumbered by Upgrades: A.M. Best


Catastrophic weather events as at 2017 helped spur an increase in rating downgrades for the U.S. property/casualty (P/C) industries during the first half of 2018, according to an A.M. Best report. But the report also notes that overall ratings activity in that same period was modestly favorable, with upgrades outnumbering downgrades.
According to the report, “Downgrades for U.S. P/C Industry Increase in First Half 2018,” the positive rating actions were driven by tightened underwriting standards that have led to favorable results over several years, higher risk-adjusted capitalization and improved enterprise risk management capabilities
“The majority of companies managed their exposures effectively, reflecting improved risk management capabilities and robust reinsurance programs. However, the P/C industry does face challenges, including growing frequency and severity issues in the automobile segment; the cost and time devoted to systems implementation; and, in the reinsurance segment, the impact of soft pricing margins,” A.M. Best said.
Affirmations were again the most common rating action, at 78.6 percent, reflecting the overall stability of the U.S. P/C industry. The number of upgrades outpaced downgrades for a third consecutive year. Upgrades were similar to the prior year period, 7.1 percent of rating actions, compared to 7.4 percent in 2017. Downgrades increased to 6.3 percent of total actions, up from 2.4 percent in the first half of 2017.

Thanks For You Reading The Post We are very happy for you to come to our site. Our Website Domain name http://www.squadlinq.com.ng/.
Newer Posts Newer Posts Older Posts Older Posts

More posts

Comments

Post a Comment