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 30, 2022 
 Global Life ReinsuranceStableMarch 31, 2023 
 Global Non-Life ReinsuranceStableMarch 31, 2023 
 London Market InsuranceStableMarch 27, 2023 
 Delegated Underwriting Authority Enterprises (DUAEs)PositiveDecember 5, 2022 
North America - Property/Casualty Markets
 US Personal LinesNegativeDecember 6, 2022 
 HomeownersStableMarch 30, 2023 
 Personal AutoNegativeMarch 30, 2023 
 US Commercial LinesStableDecember 6, 2022 
 Commercial AutoNegativeMarch 30, 2023 
 Commercial PropertyStableMarch 30, 2023 
 Excess & Surplus LinesStableMarch 31, 2023 
 General LiabilityNegativeMarch 31, 2023 
 Medical Professional LiabilityNegativeMarch 31, 2023 
 Private Mortgage InsurersStableMarch 30, 2023 
 Professional LiabilityNegativeMarch 31, 2023 
 SuretyStableMarch 31, 2023 
 TitleNegativeFebruary 23, 2023 
 Workers' CompensationStableMarch 31, 2023 
 Canada Property/CasualtyStableSeptember 7, 2022 
North America - Life/Health Markets
 US Life/AnnuityStableNovember 28, 2022 
 LifeStableMarch 29, 2023 
 AnnuitiesStableMarch 29, 2023 
 US HealthStableDecember 1, 2022 
 Disability InsuranceStableMarch 14, 2023 
 Long-Term CareNegativeMarch 28, 2023 
 Supplemental HealthStableMarch 28, 2023 
 Canada Life/AnnuityStableSeptember 7, 2022 
Europe, Middle East, and Africa (EMEA)
 France LifeNegativeApril 14, 2022 
 France Non-LifeNegativeApril 14, 2022 
 Germany LifeNegativeNovember 7, 2022 
 Germany Non-LifeNegativeNovember 4, 2022 
 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-LifeStableDecember 9, 2022 
 India Non-LifeNegativeMay 2, 2022 
 Indonesia Non-LifeNegativeOctober 31, 2022 
 Japan LifeStableJune 22, 2022 
 Japan Non-LifeStableOctober 4, 2022 
 Malaysia Non-LifeStableAugust 1, 2022 
 Philippines Non-LifeStableMarch 10, 2022 
 South Korea Non-LifeStableMay 18, 2022 
 Taiwan Non-LifeNegativeAugust 22, 2022 
 Vietnam Non-LifeStableOctober 31, 2022 
Latin America
 Argentina InsuranceNegativeNovember 16, 2022 
 Brazil ReinsuranceNegativeMarch 31, 2023 
 Chile InsuranceStableJuly 25, 2022 
 Colombia InsuranceNegativeOctober 13, 2022 
 Costa Rica InsuranceStableOctober 12, 2022 
 Guatemala InsuranceStableJanuary 13, 2023 
 Mexico InsuranceNegativeJuly 7, 2022 
 Panama InsuranceStableDecember 14, 2022 
 Peru InsuranceNegativeJuly 1, 2022