EASOP

Acronym	Definition
EASOP	Emergency Action Standard Operating Procedure

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Easop identified several fundamental issues with the coming updates:

What doesn't change is that Best's Credit Ratings are based on quantitative and qualitative evaluation of balance sheet strength, operating performance, business profile and risk management, Easop said.

The application of these will be reflected in Best's Credit Rating Methodology, Easop said.

"Overall scores are going to be inherently lower and it's not just because we're updating the factors themselves," Easop said.

Best soon will no longer publish a guideline table that shows a correlation between BCAR scores and an implied rating level, Easop said.

Best's capital models: the next generation: A.M. Best Co. analysts discuss the upcoming changes to the Best's Capital Adequacy Ratio

Easop also encounters this energy and excitement when he goes out on the speaking circuit.

"It is incredibly gratifying to speak about capital models and ERM at conferences," says Easop.

Best, Easop spent more than 10 years in various roles at Prudential, and he also did an early stint with the Peat Marwick accounting and consulting firm, which "gave me a pretty good appreciation of the roles of things like internal controls and strategic management."

Easop says that this previous experience has helped him appreciate that ERM is not just about financial reporting and internal control.

Ratings' enterprise five: Dreyer, Puccia, Easop, Mosher, Mohrenweiser--the five ratings analysts who can strike fear or spell relief in the heart of every risk manager

It will be shown that for sufficiently large n, E[U([S.sub.T])] > 0 and hence the EASOP holds.

Samuelson's fallacy of large numbers and optional stopping

Best Co., as a primary source for the determination of a security's asset class assignment," Easop of A.M.

Hubrid insecurities: the actions of an agency under the National Association of Insurance Commissioners caused financial repercussions in a corner of the investment market. While regulators have offered a short-term solution, industry leaders are calling for additional changes

Overall, the industry probably welcomes the development of a more economic risk-based capital approach using stochastic modeling instead of the current factor-based approach, Easop said.

Calculating scenarios: new risk-based capital requirements are changing how variable annuity writers understand risks