AM Best Director to Discuss Insurance Industry Innovation at Farm Bureau Insurance Managers Conference

OLDWICK, N.J.–(BUSINESS WIRE)–AM Best Director John Andre will lead a session at the Farm
Bureau Insurance Managers Conference, titled, “AM Best Innovation Survey
and Approach in Rating,’ on Tues., June 4, 2019, at 9:00 a.m. (MDT) in
Jackson Hole, WY.

In late 2018, AM Best released an extensive survey of 450 rated
insurance companies globally on the subject of innovation. A key finding
of that survey was that nearly nine out of 10 respondents said that
innovation was moderately to extremely critical to their organization’s
success. AM Best believes the increased pace of change in society,
climate and technology has made innovation increasingly critical to the
long-term success of all insurers, and subsequent to the survey, the
rating agency released a draft criteria procedure, titled, “Scoring and
Assessing Innovation.” Andre will discuss AM Best’s views on innovation,
as well as the survey results and draft criteria procedure.

Andre has more than 30 years’ experience with AM Best and is responsible
for a broad array of U.S., Canada, Bermuda and Caribbean-based
property/casualty writers focused on national personal lines and local
and regional coverages, as well as workers’ compensation, professional
liability, excess and surplus, specialty commercial, captives and title
companies.

The event, which runs June 1-5, will take place at Snake River Lodge in
Jackson Hole, WY.

AM Best is a trusted source of insurance market insight and data, and
the only global credit rating agency with a unique focus on the
insurance industry. Best’s Credit Ratings are a recognized indicator of
insurer financial strength and creditworthiness. Visit http://www.ambest.com
for more information.

Copyright © 2019 by A.M. Best Company, Inc. and/or its
affiliates. ALL RIGHTS RESERVED.

Contacts

Christopher Sharkey
Manager, Public Relations
+1
908 439 2200, ext. 5159
christopher.sharkey@ambest.com

Jim Peavy
Director, Public Relations
+1 908
439 2200, ext. 5644
james.peavy@ambest.com