Demotech Assigns Financial Stability Rating® to Blitz Insurance, II

Columbus, Ohio, January 26, 2022: Blitz Insurance, II has earned a Financial Stability Rating® (FSR) of A, Exceptional, from 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 Blitz Insurance, II

Blitz is a technology-led insurance carrier that brings the $60B specialty market into the modern era. Focusing on hard-to-place and underserved SME customer segments, Blitz’s fast and simple end-to-end insurance platform displaces the lengthy, manual insurance-buying processes that have frustrated both brokers and business customers alike. Blitz was founded by a group of insurance experts, technologists, and startup builders. Blitz is combining deep industry expertise and next-gen technology to create a simpler, faster, smarter way to get coverage.

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.  Demotech was the first to review and rate independent regional and specialty insurers. Demotech’s consistently increasing list of accreditations and acceptances has resulted in rating and reviewing more than 400 insurers operating in the US.  Visit www.demotech.com for additional information.

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