Pulse Survey Finds Three Financial Rating Services Dominate Selection by Life
Insurance Pros
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| Three companies -- A. M. Best, Standard and Poor's and Moody's
-- dominate the rating services market, according to insurance professionals
who evaluated these services in a recent PULSE Survey conducted by the American
Society of CLU and CHFC. |
| According to survey respondents, A. M. Best, Moody's and
Standard and Poor's either alone or in combination with others, accounted for a
full 100 percent of total ratings usage during 1991. |
| Asked to evaluate the rating services in terms of
credibility, usefulness and ease of understanding, PULSE respondents again gave
top marks to A. M. Best, Moody's and Standard and Poor's. All three services
received a positive response in all three categories from more than 85 percent
of the respondents. |
| Of the 524 chartered life underwriters and chartered
financial consultants who serve as PULSE Survey panelists, 377 answered the
survey for a 72 percent response rate. |
| The addresses and phone numbers for the three commercial
rating services follow:
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Source: Excerpted from Insurance Advocate April 11, 1992 which
reported on the "PULSE Survey Report on Life Insurance Rating Services".
American Society of CLU and ChFC, 270 Bryn Mawr Avenue, Bryn Mawr, Penn. 19010.
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Note: Listings of ratings and explanations are
often available in business and large public libraries.
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