AM Best has published a new Frequently Asked Questions (FAQ) document, titled “Analytical Considerations for IFRS 17 Reporters: Frequently Asked Questions,” to clarify its analytical approach for re/insurers operating under the International Financial Reporting Standard 17 (IFRS 17).
This clarification follows more than a year of (re)insurers reporting under the new standard and a full annual cycle of rating analysis. The Best’s Commentary specifically details how IFRS 17 information is incorporated into AM Best’s proprietary capital model, Best’s Capital Adequacy Ratio (BCAR).
AM Best, a global credit rating agency, news publisher, and data analytics provider specializing in the insurance industry, anticipates refining its analytical approach further as disclosures and market practices related to IFRS 17 continue to evolve.
Headquartered in the United States, AM Best operates globally with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore, and Mexico City, conducting business in over 100 countries.
