How UK & Global Insurance Brokers Review, Assess and Monitor the Financial Security of Insurers

 

We review, assess and monitor the ongoing Financial Security of all Insurers through Standard & Poor’s Rating Services.

 

Standard & Poor’s

 

Standard & Poor’s Rating Services is a leading provider of rating services with an extensive international network, combining global standards with local awareness and understanding.

 

Standard & Poor’s are generally recognised as the premier providers of rating services on Insurance companies and their website can be viewed at www.standardandpoors.com

 

What Does a Standard & Poor’s Insurer Financial Strength Rating Mean?

 

It is a current opinion of the financial security characteristics of an insurance organisation with respect to its ability to pay under its insurance policies and contracts in accordance with their terms

 

Insurer Financial Strength Ratings Explained

 

Click here to view the details, and explanation, of the Financial ratings used by Standard & Poor’s

 

What Is The Importance and Value Of This Service To Clients?

 

The purpose of this service is the following:

 

 

 

 

 

 

 

 

 

 

  

  What Do Clients Receive From UK & Global Insurance Brokers?

 

 

 

•We provide the current financial rating of each current, or recommended, Insurer to our Clients during the insurance renewal process

•We provide the current financial rating of each current, or recommended, Insurer to our Clients during the insurance renewal process

•UK & Global will provide our own thoughts and advice on each particular Insurer so the Client is not left to decide on their own as we believe the Insurance Broker should provide an opinion and not simply ‘sit on the fence’

•We inform Clients of changes in an Insurer’s financial rating and advise if we have any immediate concerns regarding the suitability of the Insurer concerned and whether we recommend a change of Insurer

•Clients are informed of an expert, independent assessment of each of their Insurers’ financial strength which enables Clients to make an informed decision on whether to engage a particular Insurer within their programme with additional input and advice from UK & Global

•Clients are informed of a change in their Insurer’s financial rating which may prompt a change of Insurer at renewal, and possibly mid-term, if a Client is unhappy with the new level of Financial Strength rating

•There is less chance of a Client’s financial position being compromised by the sudden, unforeseen failure of one of their Insurers