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- Does Travelers’ insurance rating indicate a strong carrier?
Discover what the Travelers’ insurance rating means for brokers and why it matters when recommending coverage to your clients
Knowing which insurers are viable and helping clients make informed choices is standard practice for insurance brokers. To achieve this, understanding the financial strength and ratings of insurers is essential. Apart from those metrics, examining an insurance company’s performance and industry reputation can help brokers make sound recommendations.
One insurer that warrants a thorough review is Travelers Insurance. By looking at Travelers‘ insurance ratings and reviews like this one, you can decide whether this insurer and its products are a fit for your clients’ needs.
Ratings agency
Rating
Notes
A.M. Best
A++ (Superior)
Highest possible rating; indicates Travelers can pay claims, even under difficult economic conditions
Fitch
AA (Very Strong)
Very low risk of default and a very strong capacity to meet policyholder and contractual obligations, even in difficult economic conditions
Moody’s
Aa2 (High Quality)
Third-highest rating; very low credit risk; insurers with this rating can meet their financial commitments but may be susceptible to long-term risks compared to highest-rated insurers
S&P Global
AA (Very Strong)
Second-highest rating; indicates a “very strong” capacity to meet financial obligations and is only slightly more susceptible to adverse economic conditions than higher-rated insurers
Across these insurance ratings agencies, Travelers has been found to have robust financial strength, strong claims-paying capabilities, and very low risk of default. While Travelers’ insurance ratings suggest that it’s a good choice for brokers and their clients, other key factors must be considered.
Travelers insurance rating: Creditworthiness
When discussing Travelers’ insurance ratings (or any insurer’s rating…