Hi Graham, in the newer version of the BCAR reading, the diagram for the AM Best Rating Process has a "Maximum + 2" in red. Do you know what this means? The "Maximum + 2" was not in the previous version.
I'm glad you asked because I forgot to update that diagram in the wiki. Thx!
I couldn't find an explanation for "Maxiumum +2" but I assume it means the BCAR assessment cannot improve by more than 2 levels (out of the 6 available levels) at the stage where enterprise risk management is considered.
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I'm glad you asked because I forgot to update that diagram in the wiki. Thx!
I couldn't find an explanation for "Maxiumum +2" but I assume it means the BCAR assessment cannot improve by more than 2 levels (out of the 6 available levels) at the stage where enterprise risk management is considered.
I couldn't find much detail in this rating process in the source document.
We are some consideration or key points in the
"Comprehensive Adjustment"
"Rating Lift/Drag"
These two process seems very generic.
I don't think the source elaborates more on that so it will probably not be something you have to worry about on the exam