Best’s Special Report: Best’s Impairment Rate and Rating Transition Study — 1977 to 2022
There were two insurers added to gross impairments in 2022, down from 10 carriers identified in the previous year.
- There were two insurers added to gross impairments in 2022, down from 10 carriers identified in the previous year.
- The Best’s Special Report, titled, “Best’s Impairment Rate and Rating Transition Study — 1977 to 2022,” marks AM Best’s 20th study and is aimed at estimating the risk of impairment of U.S. insurers.
- The analysis covers 45 one-year periods from Dec. 31, 1977, to Dec. 31, 2022, and includes U.S. insurers that had at least one Best’s Financial Strength Rating (FSR) or one corresponding Long-Term Issuer Credit Rating (ICR) during the study period.
- None were rated by AM Best at the time of impairment, with 11 companies never rated by AM Best.