Stress testing rated companies for COVID-19

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      <subfield code="a">New Jersey</subfield>
      <subfield code="b">A.M. Best Company</subfield>
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      <subfield code="a">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.</subfield>
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      <subfield code="a">COVID-19</subfield>
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      <subfield code="0">MAPA20200005391</subfield>
      <subfield code="a">Coronavirus</subfield>
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      <subfield code="0">MAPA20080552022</subfield>
      <subfield code="a">Pandemias</subfield>
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      <subfield code="0">MAPA20080590567</subfield>
      <subfield code="a">Empresas de seguros</subfield>
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      <subfield code="0">MAPA20080619008</subfield>
      <subfield code="a">Calificaciones crediticias</subfield>
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      <subfield code="0">MAPA20080586294</subfield>
      <subfield code="a">Mercado de seguros</subfield>
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      <subfield code="0">MAPA20080642808</subfield>
      <subfield code="a">Pruebas de estrés</subfield>
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