BestESP

Electronic Statement Preparation
Powered by AM Best’s Experience and Knowledge

Prepare, print and file quarterly and annual statements and risk-based capital (RBC) reports that comply with all NAIC and New York state regulatory requirements.

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About BestESP

AM Best was the first company to create an electronic database of the entire NAIC Financial Statement in 1969, and the first to create a comprehensive online version of that database in 1984. The introduction of BestESP in 1986 made us one of the first companies to offer electronic statement preparation software for US property/casualty and life/health companies. Since then, AM Best remains a stable market participant, fostering ingenuity, insight and integrity in our employees. We continually update and improve BestESP as the needs of our customers evolve. The new BestESP Excel-based version combines AM Best’s deep understanding of insurer financial statements with the efficiency of Excel to take your electronic statement preparation to the next level.

Benefits of BestESP

Avoid disruption in your filing process by choosing AM Best, a stable market participant.

Take advantage of budget-friendly pricing that's economical for any size company.

Present professional-looking output with our superior print format capabilities.

Get individualized support from start to finish from our dedicated client services team.

Learn how to save time and maximize the value of BestESP Excel-based version with complimentary training webinars.

Leverage AM Best's 120 years of experience with insurance company financial statements.

Keep up to date on the insurance industry with a one-year subscription to Best’s Review^® magazine.

Solution For

Insurers
Accountants
Consultants
Controllers
Treasurers
Risk Retention Groups
Captives

Product Features

Get automatic system updates upon sign-in using Click Once technology.
Import current vendor filing data for easy back-year data retrieval.
Import third-party investment data to quickly populate Investment pages.
Run validations that include a link to the Statement Page to easily identify cross-check discrepancies.
Complete the custom Notes to Financial page easily with electronic note tags.
Use the step-by-step submission process to ensure your filing meets all NAIC specifications.
Have access to four filing types: Property/Casualty (including Combined Companies); Life, Accident and Health/Fraternal; Health; and Title, as well as Risk-Based Capital and New York supplement reporting options.

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Testimonials

Long and excellent relationship. Support staff is priceless. BestESP is easy to manage and with the Excel version, it is all we need.

—CFO, Healthcare Administrator

BestESP helps you understand the process of the whole statement, with the connection between pages making it easy to work through all parts of creating it. Customer support was there to educate me along the way, as well as the training classes.

—Accounting Manager, Insurance Company

Technical support people are fantastic.

—Statutory Accountant, Insurance Brokerage

We have used BestESP for many years and the transition to BestESP for Excel was seamless. The training sessions were extremely helpful and the support has been outstanding.

—CFO, Insurance Company

Support staff is amazing, always helpful and friendly.

—Staff Accountant, Insurance Company

BestESP Excel-based version has much of the same functionality as the previous version, with the advantage of being in Excel.

— Executive Vice President/CFO, Insurance Company