Best s Rating Report. Print and Online. Essential Tools for Promoting Your Best s Credit Rating

Transcription

1 Best s Rating Report Print and Online Essential Tools for Promoting Your Best s Credit Rating

2 THE VALUE OF YOUR BEST S RATING REPORT In 1899, A.M. Best s founder, Alfred M. Best, had an innovative idea: that anyone should be able to obtain credible, impartial reports covering the financial condition and operating methods of insurance companies. His idea resulted in the publication of Best s Insurance Reports and Best s Credit Ratings, the original and most recognized financial strength indicator for insurance companies. These tools provide a credible opinion of an insurer s ability to meet its long-term obligations to policyholders. More than 110 years after Alfred M. Best developed his pioneering concept, you can benefit from the standard he set with Best s Credit Ratings when you order your company s Best s Rating Report. Here s What Your Best s Rating Report Can Do for Your Company Your Best s Rating Report can help you educate key stakeholders about your company s financial performance. Best s Rating Reports are handy, custom-made brochures available online and in print that document A.M. Best Rating Services' opinion of your company s financial strength and operating performance, based on our unbiased, independent analysis. These reports are perfect to use as handouts to potential and current clients, or to license to place on your website for global exposure. Your Best s Rating Report is clear and concise and contains multiple sections, including a rating rationale, business review, officer and director sections, key financial information and much more so that anyone can see evidence of your financial strength at a glance. Best s Rating Reports can help you: Document your company s stability to policyholders, potential clients and investors Recruit agents and brokers Foster confidence among stockholders and employees Close a pending contract Maintain current business You ll also find Best s Rating Reports ideal for: Displaying the online version on your company s internal and external websites 24/7 Presentations Proposals Mailings Trade show displays Sales and training materials Corporate relations See the enclosed marketing checklist for more suggestions on how Best s Rating Reports can help promote your company s image. Best s Rating Reports are a helpful tool in communicating about your company. A.M. Best Rating Services meets with corporate management teams, reviews supporting documents and applies unique performance ratios to arrive at a comprehensive assessment of where a company stands and where it s going. Your Best s Rating Report, a credible opinion of your company s financial strength, speaks volumes about your position within the industry. 2

3 You can personalize your Best s Rating Report for added impact. The cover of your report will feature your Best s Credit Rating, plus your company s BestMark for rated insurers only and your company s logo (optional). Financial Strength Rating A M BEST If your company has a Best's Credit Rating, you are entitled to display a BestMark, a globally recognized symbol of financial strength on your report. This icon, part of our BestMark Program, brands your company as an industry leader and provides at-a-glance recognition of your unique position within the industry. If your company has maintained a Best s Credit Rating of "A" or higher for 25 years or more, you are entitled to display our Anniversary BestMark, shown at right, on the cover of your report. A+ Superior BestMark Financial Strength Rating A M BEST A or Higher Since 1976 YOUR Anniversary COMPANY BestMark When ordering your printed Best s Rating Report, you can choose from a variety of options to create your ideal marketing tool: Two sizes: Mid-size, Large Logo with or without third-color ink Non-English translations Custom packaging/shrink wrap in quantities you select from 25 to 125, depending on size You can post your Best s Rating Report (Online) 24/7 on your company s website. A web-ready PDF of your Best s Rating Report is available for display on your company s internal and external websites please see the following page for details. Interested in registering for the BestMark Program? Visit to learn more and apply. To order a Best s Rating Report, call (908) , ext

4 FORMAT OPTIONS Online (Adobe PDF) or Print Includes the BestMark or Anniversary BestMark (if eligible) Large report content The most current Best's Credit Report Mid-size report content Best s Financial Strength Rating with Outlook/Implication Rating Rationale Key Financial Indicators Table Business Profile Territory Operating Performance (L/H) History Management Officers Directors Balance Sheet Online report Note: Order of content, design of reports and other images are subject to change. For the most current Best's Credit Ratings, visit Copyright 2017 A.M. Best Company, Inc. and/or its affiliates. All rights reserved. No part of this report may be reproduced, distributed, or stored in a database or retrieval system, or transmitted in any form or by any means without the prior written permission of the A.M. Best Company. While the data in this report was obtained from sources believed to be reliable, its accuracy is not guaranteed. Large printed report: 8" x 11" Mid-size printed report: 3 11 / 16 " x 8 1 / 2 " 4

5 2017 PRICING Printed Reports Mid-Size Rating Reports Minimum Order: 1,000 Base Price: $2,090 plus $165/M Update Price: $1,320 plus $165/M Add-On Price: $1,090 plus $165/M Large Rating Reports Single-company report Multiple-company report 1 1st company, plus $375/M (or per 500 for quantities less than 1,000) for each additional 2 For quantities of 500 the cost is $725 3 For quantities of 500 the cost is $835 Minimum Order: Base Price: $2,090 plus $950/M 2 $2,090 plus $1,055/M 1,3 Update Price: $1,320 plus $950/M 2 $1,320 plus $1,055/M 1,3 Add-On Price: $1,090 plus $950/M 2 $1,090 plus $1,055/M 1,3 Quantity Discounts: All Sizes 15M-99M - Less 5% 150M-199M - Less 15% 250M-399M - Less 25% 100M-149M - Less 10% 200M-249M - Less 20% 400M & Up - Less 30% Paper: Best s Rating Reports are printed on high-quality 70 lb. white opaque stock. Third and additional colors: Add $325 to base price and $95 to cost/m for each additional color used. Non-English translations: Call for pricing; minimum quantity 1,000. Custom packaging/shrink wrap: Minimum $1 per bundle. Quantities available from 25 to 125, depending on size. Drop shipping: Available, minimum quantity 1M per location in increments of 1M. Online Reports LH Assets ($000) PC GPW ($000) Criterion Rating Reports Online Pricing License Fee (Large Report) License Fee (Mid-size Report) $10,000,000 $1,000,000 Greater than $7,215 $6,065 $10,000,000 $100,000 $1,000,000 $10,000 Inclusive $6,070 $4,985 $100,000 $10,000 Less than $4,380 $3,285 These license fees are for the right to display a company s Best s Rating Report (Online) on its website for one year. Additional discounts may apply. Please call the number below for additional information. To order a Best s Rating Report, call (908) , ext

6 TERMS AND CONDITIONS Qualifications Companies with a current Best s Credit Rating qualify to purchase mid-size or large reports (printed or online). Best s Rating Reports may be purchased only by the insurance entity, parent organization or lead company of the carrier whose report is contained in the current edition of Best s Insurance Reports. NOTE: If a company s rating, outlook or implication changes, the company may no longer distribute or display the original brochure. To order new printed reports, a company should contact A.M. Best s Rating Report Services at (908) , ext. 5117, or rating.reports@ambest.com. A prorated credit for unused printed reports may be applied toward the new purchase; please see the Credit Policy section. If you purchased an online report, you must remove it from your company website. A.M. Best will provide you with a replacement PDF within a reasonable amount of time, in accordance with the license agreement. Requests for Additional Quantities of Printed Reports During the year, you may want to add to your original quantity of printed Best s Rating Reports. Ordering options are as follows: Without changes Add-On price refers to orders where additional quantities of a previous Rating Report are ordered. These add-on Rating Reports are identical to those reports contained in the original order. The add-on order must be placed within six months of the original shipping date, the size (mid-size or large) must remain the same, and the report must still reflect the current rating, outlook or implication of the company. With changes Update price refers to orders where a new order is placed in the same production year as a previously filled order; these updated Rating Reports may have updated text but have the same annual data as the reports contained in the original order. The size (mid-size or large) must also remain the same. 6

7 Credit Policy Changes to your company s Best s Credit Rating In cases where your company s Best s Rating Report must be revised because of a rating, outlook or implication change, a credit may be applied toward your purchase of new printed reports. To properly apply for credit, you must respond to the Best s Rating Change notification sent to you and return it along with the inventory remaining. The unused inventory must be returned for verification by an A.M. Best representative to determine the amount of the credit that can be applied. No verbal requests for credit will be accepted. The sooner the new order is placed and shipped following the rating change, the greater the credit that will be applied. (If your order is for a lower quantity than the remaining inventory, the credit will be based on the quantity ordered.) Specifically, your credit will be calculated as follows: [(lesser of remaining inventory or new order quantity) / (original order quantity)] x (cost of the original order) x (X%) where X=75%, when the new order is placed and shipped within 1 30 days post rating change X=50%, when the new order is placed and shipped within days post rating change X=25%, when the new order is placed and shipped within days post rating change Example: If you purchased 10,000 mid-size reports, your original cost would have been $3,740. If 4,000 (40%) of your original inventory remained and your new order was placed within 30 days of your rating change, your maximum credit would be [(40%) x ($3,740)] x (75%) = $1,122. A $1,122 credit would be applied toward your purchase of at least 4,000 new Best s Rating Reports. The credit would be reduced for a new order of less than 4,000 reports. Exceptions to any of the above must be approved. For more information or assistance, contact A.M. Best Rating Report Services at (908) , ext. 5117, or rating.reports@ambest.com anytime. Your Purchase Includes A Best s Rating Certificate If you purchase a report on a rated company, you re entitled to one free 11" X 14" Best s Rating Certificate, to display in your office, reception area or boardroom. The certificate displays your Best's Financial Strength Rating. For $125, add a two-tone, gold-edged frame featuring the A.M. Best medallion. Additional framed or unframed certificates can be purchased. Call Rating Report Services at (908) , ext. 5117, for pricing information. Design of certificates and other images is subject to change. A year s subscription* to Best s Review When you place an order for Best s Rating Reports, you'll also receive a year s subscription to Best s Review, A.M. Best s award-winning magazine covering Property/Casualty, Life/Health, alternative markets and other insurance industry sectors. This monthly magazine combines exclusive reporting, commentary and statistics on vital insurance and risk management issues. *$68 of purchase price is allocated toward a Best s Review subscription. To order a Best s Rating Report, call (908) , ext

8 World Headquarters 1 Ambest Road Oldwick, NJ 08858, U.S. Phone: ; , ext London 6th Floor, 12 Arthur Street London EC4R 9AB, U.K. Phone: Hong Kong Suite 4004, Central Plaza 18 Harbour Road Wanchai, Hong Kong, China Phone: Mexico City Paseo de la Reforma 412, Piso 23 Col. Juárez, Del. Cuauhtémoc México, D.F Phone: Dubai* Office 102, Tower 2 Currency House, DIFC PO Box Dubai, UAE Phone: Singapore 6 Battery Road #40-02B Singapore Phone: Washington, DC 830 National Press Building th Street, NW Washington, DC Phone: *Regulated by the DFSA as a Representative Office A