Stress testing rated companies for COVID-19

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<title>Stress testing rated companies for COVID-19</title>
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<namePart>A.M. Best Company</namePart>
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<publisher>A.M. Best Company</publisher>
<dateIssued>2020</dateIssued>
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<abstract displayLabel="Summary">On March 18, 2020, in the wake of the COVID-19 outbreak, AM Best announced plans to develop BCAR ( Best´s Capital Adequacy Ratio) stress testing for the insurance companies it rates. The primary aim of the baseline stress test was to gauge the immediate implications of the pandemic on insurers' financial strength, as well as to indicate sensitivities and highlight companies that may need further examination. Given the evolving nature of risk, the direct and indirect impacts of the virus on life and non-life insurers may differ. Our baseline stress test addressed a number of risk factors and encompassed an investment and underwriting shock to the balance sheet, with adjustments/haircuts made to insurers¡ available capital, investments, and underwriting.</abstract>
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<topic>COVID-19</topic>
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<topic>Coronavirus</topic>
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<topic>Pandemias</topic>
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<topic>Calificaciones crediticias</topic>
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<topic>Pruebas de estrés</topic>
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