SINGAPORE, June 10 (Bernama-BUSINESS WIRE) -- AM Best will deliver a presentation at Insuretech Connect Asia on the scoring results of its rated insurance entities in the Asia Pacific region, one year after the rating agency implemented a new criteria procedure on innovation.

The Insuretech Connect Asia conference, a leading insurance-industry event covering innovation in the region, takes place online 16-17 June 2021, and will provide insight to insurers on how to reinvent themselves amid disruptive forces caused by emerging technologies and insurtech startups.

In March 2020, AM Best formally integrated its criteria procedure, “Scoring and Assessing Innovation,” into its rating process, which outlines how AM Best explicitly considers an insurance company’s innovation efforts. The conference briefing, “Scoring and assessing innovation input & output in insurance company ratings,” will focus on how insurers in the Asia Pacific region performed on their innovation efforts since implementation of the criteria, and how the COVID-19 pandemic impacted those efforts. Greg Carter, managing director, analytics, EMEA and Asia-Pacific, and Myles Gould, director, analytics, Southeast Asia, Australia and New Zealand, will deliver the presentation.

“Although the majority of Asia-Pacific insurers recognise the need for constant innovation, the level of development and pace of adoption varies considerably by market,” said Carter.

Carter has more than 30 years of experience in the insurance industry and oversees AM Best’s analytical teams in London, Amsterdam, Hong Kong and Singapore, and is responsible for the agency’s credit ratings in Europe, Middle East, Africa, and Asia-Pacific. Gould has been with AM Best for nearly 10 years and is responsible for AM Best’s rating coverage in Southeast Asia, Australia and New Zealand.

AM Best also is a community partner of the Insuretech Connect Asia conference. For more information, please visit the official event website.

AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

Copyright © 2021 by A.M. Best Company, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

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Contact

Edem Kuenyehia
Director, Market Development
& Communications
+44 20 7397 0280
edem.kuenyehia@ambest.com

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

Source : AM Best

--BERNAMA