Best's Market Segment Outlooks

Our market segment outlooks examine the impact of current trends on companies operating in particular segments of the insurance industry over the next 12 months. Typical factors we would consider include current and forecast economic conditions; the regulatory environment and potential changes; emerging product developments; and competitive issues that could impact the success of these companies. Best’s ratings take into account the manner in which companies manage these factors and trends.

A Best’s Market Segment Outlook, like a Best’s Credit Rating Outlook for a company, can be Positive, Negative, or Stable.

  • A Positive market segment outlook indicates that AM Best expects market trends to have a positive influence on companies operating in the market over the next 12 months. However, a Positive outlook for a particular market segment does not mean that the outlook for all the companies operating in that market segment will be Positive.
  • A Negative market segment outlook indicates that AM Best expects market trends to have a negative influence on companies operating in the market over the next 12 months. However, a Negative outlook for a particular market segment does not mean that the outlook for all the companies operating in that market segment will be Negative.
  • A Stable market segment outlook indicates that AM Best expects market trends to have a neutral influence on companies operating in that market segment over the next 12 months.

We update our market segment outlooks annually, but may revisit them at any time during the year if regulatory, financial, or market conditions warrant.

Market SegmentOutlookRelease DatePDF
Global Markets
 Global ReinsuranceStableNovember 29, 2023 
 Global Life ReinsuranceStableMarch 31, 2023 
 Global Non-Life ReinsuranceStableMarch 31, 2023 
 London Market InsuranceStableMarch 27, 2023 
 Delegated Underwriting Authority Enterprises (DUAEs)PositiveNovember 27, 2023 
North America - Property/Casualty Markets
 US Personal LinesNegativeDecember 4, 2023 
 HomeownersNegativeSeptember 18, 2023 
 Personal AutoNegativeMarch 30, 2023 
 US Commercial LinesStableDecember 5, 2023 
 Commercial AutoNegativeMarch 30, 2023 
 Commercial PropertyStableMarch 30, 2023 
 Excess & Surplus LinesPositiveNovember 6, 2023 
 General LiabilityNegativeMarch 31, 2023 
 Medical Professional LiabilityStableNovember 9, 2023 
 Private Mortgage InsurersStableMarch 30, 2023 
 Professional LiabilityNegativeMarch 31, 2023 
 SuretyStableMarch 31, 2023 
 TitleNegativeFebruary 23, 2023 
 Workers' CompensationStableMarch 31, 2023 
 Canada Property/CasualtyStableOctober 5, 2023 
North America - Life/Health Markets
 US Life/AnnuityStableNovember 30, 2023 
 LifeStableMarch 29, 2023 
 AnnuitiesStableMarch 29, 2023 
 US HealthStableDecember 1, 2023 
 Disability InsuranceStableMarch 14, 2023 
 Long-Term CareNegativeMarch 28, 2023 
 Supplemental HealthStableMarch 28, 2023 
 Canada Life/AnnuityStableOctober 5, 2023 
Europe, Middle East, and Africa (EMEA)
 France LifeNegativeJune 22, 2023 
 France Non-LifeNegativeJune 22, 2023 
 Germany LifeNegativeDecember 18, 2023 
 Germany Non-LifeNegativeDecember 18, 2023 
 Gulf Cooperation Council (GCC) RegionStableMarch 5, 2023 
 Italy LifeNegativeMay 31, 2023 
 Italy Non-LifeNegativeMay 31, 2023 
 Spain LifeNegativeMay 12, 2023 
 Spain Non-LifeNegativeMay 12, 2023 
 UK LifeStableApril 17, 2023 
 UK Non-LifeNegativeApril 3, 2023 
Asia-Pacific
 China Non-LifeStableNovember 29, 2023 
 India Non-LifeStableDecember 4, 2023 
 Indonesia Non-LifeNegativeOctober 9, 2023 
 Japan LifeStableOctober 16, 2023 
 Japan Non-LifeStableJanuary 31, 2024 
 Malaysia Non-LifeStableDecember 18, 2023 
 New ZealandStableNovember 13, 2023 
 Philippines Non-LifeNegativeJuly 24, 2023 
 South Korea Non-LifeStableJune 27, 2023 
 Taiwan Non-LifeNegativeOctober 18, 2023 
 Vietnam Non-LifeStableNovember 22, 2023 
Latin America
 Argentina InsuranceNegativeDecember 27, 2023 
 Brazil ReinsuranceNegativeMarch 31, 2023 
 Chile InsuranceStableNovember 16, 2023 
 Colombia InsuranceNegativeNovember 7, 2023 
 Costa Rica InsuranceStableNovember 8, 2023 
 Guatemala InsuranceStableJanuary 15, 2024 
 Mexico InsuranceStableSeptember 25, 2023 
 Panama InsuranceStableJanuary 10, 2024 
 Peru InsuranceStableAugust 11, 2023