The Importance of High Insurance Company Ratings

Based on rigorous qualitative and quantitative analysis of the company’s balance sheet, operating performance and volume of business, Insurance company ratings assess an insurance company’s financial performance by a third party. In the insurance sector, there are five major firms prevailing in the market today that provide authentic ratings. They are as follows:A.M. Best, Standard & Poor’s, Weiss Ratings, Fitch Ratings, and Moody’s Investors Service.