INDIANAPOLIS--(BUSINESS WIRE)--Renaissance Life & Health Insurance Company of America has been elevated from an A- to an A in its issuer credit rating (ICR) performed by A.M. Best Company. Renaissance Dental is the flagship product of Renaissance Life & Health Insurance Company of America. The new “excellent” rating emphasizes Renaissance’s stable financial outlook. It also proves Renaissance can be successful within a changing and increasingly competitive insurance landscape.
“Renaissance is very proud of our A rating by A.M. Best Company,” said Rob Mulligan, President and CEO of Renaissance Life and Health Insurance Company of America. “It’s a great achievement for us. We know this new rating will only add to the growing confidence brokers, employers and our private exchange partners have in our products.”
Renaissance was able to secure the A rating in part because of its product diversification. Renaissance now offers insurance plans that combine dental with vision, life and disability.
“Dental is the heart of our company, but our strategy to form partnerships with other leading ancillary carriers allows us to better serve our customers,” said Mulligan.
The ratings are determined by using Best’s Credit Rating Methodology, which provides a comprehensive explanation of A.M. Best's rating process and contains the rating criteria used in the rating process. Best’s Credit Rating Methodology can be found at www.ambest.com/ratings/methodology.
Key insurance criteria reports utilized:
- Rating Members of Insurance Groups
- Risk Management and Rating Processes for Insurance Companies
- Understanding BCAR for U.S. and Canadian Life/Health Insurers
Renaissance is a leading ancillary insurance provider well-known for its flexible and customizable dental and vision plans that offer extensive coverage of services, maximum choice and value, and hassle-free benefits for individuals and groups of any size. For more information, visit www.RenaissanceDental.com/pr.
About Renaissance
Renaissance Dental is part of the Renaissance Family of Companies, which was founded in 1957 and has offices in Arkansas, Georgia, Indiana, Kentucky, Michigan, New Mexico, New York, North Carolina, Ohio and Tennessee. Collectively, Renaissance companies provide dental coverage for more than 13.1 million people with annual paid claims of nearly $3 billion. Renaissance Dental provides quality and affordable dental insurance to organizations and individuals nationwide. Customizable dental options can be designed for groups as small as two enrollees. Renaissance Dental is the flagship product of Renaissance Life & Health Insurance Company of America and Renaissance Health Insurance Company of New York. www.RenaissanceDental.com.
