Who Determines Insurance Company Ratings?


Quick Answer

Insurance company ratings are determined by four companies: Standard and Poor’s Insurance Ratings Services, Moody’s Investor Services, Fitch Ratings and A.M. Best Company Inc., explains the Insurance Information Institute. Each company uses its own independent rating system.

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Who Determines Insurance Company Ratings?
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Full Answer

As ratings can vary among the reviewers, an insurance company may emphasize a positive rating from one reviewer while downplaying a poor review from another, warns the Insurance Information Institute. Consumers are advised to research the ratings from two or more reviewing agencies before buying a policy. Consumers should also fully understand the ratings system of each reviewing agency before making a decision.

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