Article Abstract:
There are many reasons to support the creation and use of insurance product ratings. For example, insurance policies have traditionally been selected based on an insurer's financial ratings. However, such methods of selecting policies does not take into account the effect of risk, which can have pronounced effects on policy performance. A product rating system would help insurers, agents, financial advisers and customers to better identify those insurance products that best meet the needs of the client. Other advantages of such a rating system are identified.
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Article Abstract:
The Best's Rating assignments for companies appearing in the 1998 edition of Best's Insurance Reports-International have been released. The Rating Update provides an outline of the company's financial strength and ability to meet its obligations to policyholders. The Best's Rating Monitor gives a periodic survey of all rating actions which includes changes, new ratings, affirmations and those under reviews. Included in the list are A.C.E. Insurance Co. Ltd., Allianz Insurance Co. of Canada and Ancon Insurance Co. Inc.
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Article Abstract:
Best's 1994 ratings of insurance companies summarizes the 1993 financial results of the 106 international firms. For each company, a change of direction sign is listed, if applicable, and a brief rating rationale is included. The total listing of Best's Ratings includes 318 rated insurers in such categories as life and health, property and casualty, and insurance firms handling both types of insurance.
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