Best's capital adequacy ratio (BCAR)

{
  "id": "MLC-T-INS-000551",
  "term": "Best's capital adequacy ratio (BCAR)",
  "field": "Insurance and risk management",
  "definition": "A proprietary model developed by AM Best to assess the financial strength and capital adequacy of insurance companies. It quantifies the amount of capital an insurer needs to support its operations and absorb potential losses, relative to its risk profile. The BCAR score is a key factor in AM Best's financial strength ratings for insurers.",
  "abbreviation": "BCAR",
  "url": "https://mlchart.com/terminology/insurance/best-s-capital-adequacy-ratio-bcar/"
}