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What is the A.M. Best Company?

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Quick Answer

A.M. Best Company is an international credit rating agency centered around the insurance market, according to its official website. Insurance regulators, brokers, professionals and customers use the company's ratings for a perspective on the financial creditworthiness and strength of risky investment vehicles and entities.

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What is the A.M. Best Company?
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Full Answer

Insurers and reinsurers use A.M. Best Company's ratings for fixed-instrument debt on securitization products, bonds, notes and other monetary instruments, explains the company's website. International capital-market professionals and issuers use its ratings of commercial paper and debt, while the company also issues financial vitality ratings of captives, insurers and reinsurers. A.M. Best Company publishes in-depth industry reports and insurance industry resources and references. Best's Insurance Reports, its flagship publication, comprises detailed analyses of thousands of United States, Canadian, British and other global insurers. Data from the financial statements of insurers are printed in A.M. Best's Financial Suite, while qualified lawyers, adjusters and related professionals are listed in Best's Directories.

In addition to these publications, A.M Best Company claims on its website to be a highly regarded source for original news in the insurance market. Its Best's Insurance News & Analysis provides the BestDay, Best's Review and BestWeek publications, along with statistical studies and special reports. The company was established in 1899 and has offices in the United States, Mexico, United Kingdom, Dubai, Singapore and Hong Kong. Washington, D.C., is also a news bureau location.

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