What are the top 5 insurance rating agencies?
Five independent agencies—A.M. Best, Fitch, Kroll Bond Rating Agency (KBRA), Moody's and Standard ɪmp; Poor's—rate the financial strength of insurance companies. Each has its own rating scale, its own rating standards, its own population of rated companies, and its own distribution of companies across its scale.
What is AM Best rating scale for insurance companies?
AM Best uses both qualitative and quantitative measures to assess an insurance company's ability to pay claims and meet its financial obligations. AM Best's financial strength ratings range from the highest A++ to B+, to 10 vulnerable ratings, ranging from B to S, with the lowest indicating a rating was suspended.
How can I find the rating of an insurance company?
Understanding Insurance Company Credit Ratings\n\n For example, A.M. Best's highest insurance company credit rating is A++, meaning superior,2 while Fitch's is AAA for exceptionally strong, Moody's is Aaa for the highest quality, and Standard ɪmp; Poor's is AAA for extremely strong.