- Financial Stability Rating® Notifications
- Demotech Affirms the Financial Stability Rating® Assigned to Premier Physicians Insurance Company, RRG
Demotech Affirms the Financial Stability Rating® Assigned to Premier Physicians Insurance Company, RRG
Columbus, Ohio, August 9, 2012: The Financial Stability Rating® (FSR) of A, Exceptional, assigned to Premier Physicians Insurance Company, RRG has been affirmed by Demotech, Inc. This level of FSR is assigned to insurers who possess exceptional financial stability related to maintaining positive surplus as regards policyholders, liquidity of invested assets, an acceptable level of financial leverage, reasonable loss and loss adjustment expense reserves (L&LAE) and realistic pricing.
FSRs summarize Demotech’s opinion of the financial stability of an insurer regardless of general economic conditions or the phase of the underwriting cycle. FSRs utilize statutory financial data based on insurance accounting principles prescribed or permitted by the National Association of Insurance Commissioners (NAIC). Since 1989, FSRs of A or better have been accepted by the major participants in the secondary mortgage marketplace.
About Premier Physicians Insurance Company, RRG
Premier Physicians Insurance Company, a Risk Retention Group, was formed in 2006 as a physician owned and controlled alternative for physicians. Premier Physicians is based on a unique model encompassing evidence-based medicine, careful risk selection and proactive risk management strategies, providing a stable, long-term solution for medical malpractice insurance.
Premier Physicians also offers a full complement of Clinical and Corporate Practice Management, Business Insurance and Banking\Financial services. Premier Physicians provides solutions tailored to the specific needs of its physicians – whatever their medical specialty.
About Demotech, Inc.
Demotech, Inc. is a financial analysis firm specializing in evaluating the financial stability of regional and specialty insurers. Since 1985, Demotech has served the insurance industry by assigning accurate, reliable and proven Financial Stability Ratings® (FSRs) for Property & Casualty insurers and Title underwriters. FSRs are a leading indicator of financial stability, providing an objective baseline of the future solvency of an insurer. Demotech’s philosophy is to review and evaluate insurers based on their area of focus and execution of their business model rather than solely on financial size. This philosophy was the catalyst for the Demotech Company Classification System, which was published in Insurance Journal, in order to stratify and categorize insurers into operational categories. Visit www.demotech.com for more information.
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