AMBest信用等级评价概述.pdf

A.M. BEST METHODOLOGY April 3, 2012 Best’s Credit Rating Methodology: Global Life and Non-Life Insurance Edition Table of Contents Purpose of Document est’s Credit Rating Methodology provides a comprehensive explanation of A.M. Purpose of Best Co.’s rating process, including the specific rating criteria employed by A.M. Document 1 BBest in determining Best’s Credit Ratings. These include Best’s Financial Strength, Best’s Interactive Issuer Credit and Debt Ratings within the insurance industry. This document describes Credit Rating the rating process in detail, from the types of information typically gathered and Process 1 reviewed to the key financial metrics and qualitative factors considered in the analyti- Information cal process. Requirements 2 Overview of Best’s Given its extensive knowledge of the insurance industry, A.M. Best utilizes a broad and Credit Rating deep portfolio of both quantitative and qualitative measures to analyze rated organiza- Evaluation 3 tions. These measures and the rating processes are reviewed regularly and enhanced through a formal criteria review process. The ongoing review and development of rat- Assumptions ing criteria is managed by A.M. Best’s Corporate Rating Policy Committee (CRPC). The Macroeconomic CRPC is responsible for ensuring that A.M. Best continuously uses credit rating meth- Factors 4 odology that is rigorous, systematic and, where possible, results in ratings that can be Best’s Credit Rating subject to some form of objective validation based on historical experience. Approach 7 Key Quantitative and Best’s Interactive Credit Rating Process Qualitative Rating Factors 8 The foundation of A