AM Best the largest credit rating agency in the world specializing in the insurance industry. AM assess the creditworthiness of over 16,000 insurance companies worldwide. Am best ratings are important because it represents an insurance company's ability to meet its obligation to policyholders. Ratings are focused on an insurance carriers ability to pay claims, and the credit quality of its obligations. As a result, an AM best rating is incredibly important to an insurance company and is a strong indicator of its financial strength and ability to pay claims to its policyholders.
FAQs
AM Best Ratings for Insurance Companies
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What is an AM Best Insurance Company?
An AM Best Insurance Company is an insurance company that has received an independent rating regarding the creditworthiness of its business and ability to meet its obligations to policyholders.
How important is AM Best Rating?
A.M. Best ratings for insurance companies provide a letter grade on their scale and future outlook projection. It is very important to the reputation of an insurer and what it signals about the future outlook of the company to policyholders.
How do I check an insurance company’s AM Best Rating?
Visit the A.M. Best web site at www.ambest.com (or call 908/439-2200, ext. 5742).
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