The BCRM is a reorganization of the current methodology, utilizing a building block approach to provide greater detail, clarity and transparency to the rating analysis. The BCRM offers a forum for discussion with analytical staff and also will provide greater consistency in the rating process. While the methodology is being updated, the core components of the analytical process — a review of balance sheet strength, operating performance, business profile and enterprise risk management — remain as the key pillars and thus do not represent a fundamental change to the rating analysis.
The three proposed BCAR criteria procedure updates apply to:
U.S.and Canadian life/ health companies;
- Insurance companies domiciled outside of the
All companies that are evaluated using the BCAR model governed by these criteria procedures will receive their new BCAR output. Company management is encouraged to review their BCAR output, when received, in conjunction with the criteria procedure and the BCRM.
Please see the
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Credit Rating Criteria
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