What does BCAR mean? Read on to discover the definition & meaning of the term BCAR - to help you better understand the language used in insurance policies.
Best's Capital Adequacy Relativity (BCAR) is a rating given by an insurance ratings agency. The rating is based on the balance sheets, financial performance, and underwriting activities of the insurance companies under evaluation. While all of these factors play a role in determining a company's BCAR rating, the balance sheet is given the most emphasis.
We hope the you have a better understanding of the meaning of BCAR.