Sentinel’s grade has remained a B++ even during the roller coaster ride of 2008 and we were recently just affirmed again as a B++ (good), secure company in a JA.M. F’s were bad in school and they are bad in the financial world as well. Sadly, some of these companies ended up dropping to an F grade. When the economic crisis hit in 2008, many well established “A” companies dropped to low B’s or even C’s.
Best chart, anything B+ or above is considered a “good” rating or in their “secure” category. Best ratings are given out like the grades you received in school-A++, A+, A-, B++, B+, B and so forth. It’s important to understand as well that A.M. Anyone who is anyone in the insurance world refers to Best’s ratings and analysis as a means of assessing the financial strength and creditworthiness of risk-bearing entities and investment vehicles offered by insurance companies. It also rates financial instruments issued by insurance companies, such as bonds, notes, and securitization products. Best issues financial strength ratings measuring insurance companies’ ability to pay claims and measure risk. Best is a credit rating organization dedicated specifically to rating the insurance industry. Best rating is very important in the insurance world.įounded in 1899, A.M. For a new agent, understanding the importance of a positive A.M. Best rating stands for and why it’s so important in insurance sales. Many of you probably already know what an A.M. Best is one of the oldest (113 years and counting) and most trusted third-party rating experts in the insurance industry. Best rating is what most customers and agents will inquire about since A.M. Nowadays, most clients looking to purchase insurance or an investment product will conduct their own due diligence concerning how well the insurance company is rated-looking especially at how A.M.
If you are new to the insurance world or have just become an agent, you may hear a lot about what a company’s A.M.
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