COLUMBUS, Ohio, Nov. 12, 2015 /PRNewswire/ -- On November 1-3, 2015, Demotech attended the Missouri Association of Mutual Insurance Companies (MAMIC) 120th annual convention, in Columbia, Missouri.
Barry Koestler, Chief Ratings Officer, discussed Demotech's process and philosophy for rating regional insurance companies. According to Koestler, regional and specialty insurance carriers can exhibit exceptional financial stability if they are properly reinsured and remain focused on their niche. Demotech currently rates several MAMIC member companies, including Billings Mutual Insurance Company, CFM Insurance, Inc., and MAMIC Mutual Insurance Company.
About Demotech, Inc.
Demotech, Inc. is a financial analysis firm located in Columbus, Ohio. Since 1985, Demotech, Inc. has been serving the insurance industry by providing actuarial consulting as well as accurate and proven Financial Stability Ratings® (FSRs) for Property & Casualty insurance companies and Title underwriters. FSRs are a leading indicator of the financial stability of an insurer. The rating process provides an objective baseline as well as insight as to the financial stability of an insurer. Demotech levels the playing field by offering FSRs to insurers of all sizes. Visit www.demotech.com for more information.
About the Missouri Association of Mutual Insurance Companies (MAMIC)
MAMIC was founded in 1895 when a group of small Missouri mutual insurance companies came together to implement the right to establish their own insurance groups to preserve and safeguard their financial security.
Much the same as when it was first established, today MAMIC has the following objectives:
- to promote the interests of insurance
- to devise and recommend improved and uniform methods for transacting business
- work toward the elimination of hazards and the reduction and prevention of losses to the end that the economics and benefits of insurance may be made available to every citizen of the State of Missouri.
SOURCE Demotech, Inc.