Underwriting & Why It Matters

Odds On Promotions is proud to be underwritten by AM Best “Excellent” insurance companies.
 

Understanding Insurance Underwriting
Insurance underwriting is the process insurers use to assess risk before issuing a policy. This meticulous process ensures that insurance companies can offer policies that are both fair and financially sustainable.

Why Underwriting Matters
Underwriting plays a crucial role in maintaining the stability of the insurance industry. By carefully analyzing risks, insurers can minimize losses, prevent fraudulent claims, and keep premiums competitive for policyholders. A strong underwriting process ensures that insurance providers remain solvent and capable of fulfilling their obligations when claims arise.
 

What Is AM Best?
AM Best is a globally recognized credit rating agency that specializes in assessing the financial strength of insurance companies. Founded in 1899, the company provides independent ratings and reports that help consumers, businesses, and investors gauge the stability and reliability of insurers. These ratings are based on a comprehensive evaluation of financial performance, risk management practices, and overall business operations.
 

Why AM Best Ratings Matter
An AM Best rating is a key indicator of an insurance company’s ability to meet its financial commitments. A high rating signifies strong financial health. Policyholders and businesses often rely on AM Best ratings to choose insurers with a proven track record of stability, ensuring confidence in their coverage and claims security.