AM Best spotlights AAGI's improvement in underwriting performance by year-end 2023, driven by increased scale benefits, cost management efforts, and lower acquisition expense ratio.
Reinsurers and life firms face the biggest impact of an accounting change which moves the industry away from relying on Gross Written Premiums as a way of reporting revenue.
AM Best said long-term insurance line is likely to gain from efforts such as stricter underwriting practices and higher premium rates for medical indemnity policies.
