AM Best Online Help

Loss Reserves (Schedule P) Company Profile

Loss Reserves (Schedule P) Company Profile features general information, Best's Ratings and analytical financial data for a quick visual representation of the company's performance. View AM Best Standard Reports or generate Schedule P triangle reports.

Access Company Profile from the Schedule P (Loss Reserves) option in the Explore Schedules menu.

 

• Select a company:

1. • Select a company from the drop-down lists.

1. 1. 1. From the List Type drop-down option, select Custom Lists, Standard Lists, My Shared Company Lists, Public Shared Company List or Criteria Lists. Select Custom Lists if you wish to view -Search Results-.
         The selected List Type populates the Lists drop-down option.

      2. From the Lists drop-down option, select the company list you wish to view.
         The selected list populates the Companies drop-down option.

      3. From the Companies drop-down option, select a company to view the profile for the selected insurer.

or

1. • Find a company.

1. 1. 1. Click the Quick Company Search button.

      2. Use the Settings option to assist in narrowing down the results by AMB Number, NAIC Number, or FEIN Number for selection. Enter AMB#, NAIC#, FEIN, or company name. Enter at least 3 characters or digits to see companies matching the search criteria entered.

      3. Select the company of your choosing.

      4. Click the OK button.  

• View Company Information

1. • Company Information - View the company address and identification numbers. Click the country listed in the Company's address section to view the AMB Country Risk Report. See the Country Risk overview for details.

   • Available Standard Reports - Access Schedule P specific reports for the selected company.

   • • 20-Year Claims Development - Summary20-Year Claims Development - Summary

       • This one page report provides claim development incurred net losses and DCC by policy period at year end as a % of Year 1 reserve.

     • Claims Closing Pattern (Part 5) - TotalClaims Closing Pattern (Part 5) - Total

       • This one page report presents an average number of years in which reported claims are closed (closed/reported). Using data provided on Schedule P - Part 5. Information is reported for the Summary line of business.

     • Part 1 Net Vertical Summary Report - SummaryPart 1 Net Vertical Summary Report - Summary

       • This one page report realigns Schedule P – Part 1 horizontal and vertical data, and provides an additional eight “net” loss calculations. Information is reported for the Summary line of business.

     • Loss & DCC Reserve Developments to Original Reserves - SummaryLoss & DCC Reserve Developments to Original Reserves - Summary

       • This one page report displays developed loss and DCC reserves to net earned premium (%) and loss and DCC reserve development to original reserves.

   • Best's Credit Ratings

   • Key Financial Indicators - View a brief summary of the selected insurer’s financial data.

   • Key Loss Reserve Data - View a breakdown of Premiums Earned and Net Losses & Expenses.

• Create Reports:

Create a report for the selected insurer. For more report options launch the Loss Reserves (Schedule P) Wizard.

1. 1. Make the following selections to create a report for the selected insurer.

      • Statement Year: Select the desired data year. Choose from 11 years of data.

      • Part: Select the desired part for the report.

      • Line of Business: Select the desired line of business for the report.  

      • Years: Select the number of desired years for the report. Ten or twenty years of data are available. Short-tail lines have ten years of data available.
        Note: The 20 Accident Years option is only available for selection when using the most recent statement year.

      • Triangle Type: Select NAIC or Actuarial.

      • Net or Gross Basis: Choose the desired basis for the report. This option is available for Part 2, Part 3, or Part 4. 

For a description of how Gross Basis triangles are calculated, see Part 2, Part 3, Part 4.

1. 2. Click the Create Report button.

• Export the Report:

1. 1. Optional: Choose the Insert New Worksheet option to export the report on a new tab. If this option is not selected, the report is added to the active worksheet.

   2. Click the Export to Excel button to export the information.