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Home / Stakeholder Team Accomplishment Recognition™ (STAR)

Stakeholder Team Accomplishment Recognition™ (STAR)

Purpose of the Award

Although there are numerous insurance industry awards and recognitions based on corporate achievement, they focus on a single aspect of success, such as top-line revenue growth or profitability.  Demotech believes that operating a successful and profitable insurance company involves the satisfaction of all stakeholders: i.e., regulators, consumers, producers, employees, reinsurers, claimants, and ultimately, owners.

Demotech understands that each of these stakeholders participates in or contributes to the financial results reported by an insurance company.  In 2013, Demotech created the Stakeholder Team Accomplishment RecognitionTM (STAR) Award to recognize Property & Casualty companies that were able to satisfy all stakeholders by meeting or exceeding our objective criteria for each stakeholder category. Since the award’s inception, 125 insurance companies reporting to the NAIC have won the award at least once.

The award criteria are as follows:

Preliminary Eligibility Criteria

  • The Company was active as of March 31, current year.
  • The Company was assigned a Demotech Company Classification.
  • The Company had positive surplus as regards policyholders as of latest year-end.
  • The Company had positive net loss and LAE reserves as of latest year-end.
  • The Company had positive gross premium written as of latest year-end.

Regulatory and Consumer Stakeholder Criteria

  • The Company had a Risk Based Capital ratio greater than 300 percent in all of the past five years.
  • The Company had two or fewer exceptional IRIS ratio results for the previous year.
  • The Company’s IRIS ratios 11, 12, and 13 did not exceed five percent in any of the past five years.

 Producer and Employee Stakeholder Criteria

  • The Company’s ratio of commissions and compensation to employees to gross premium written was above the median for its Company Classification.

Reinsurer Stakeholder Criteria

  • The Company’s ceded loss and LAE ratio for the last ten accident years (combined) did not exceed 130% of the net loss and LAE ratio for the last ten accident years (combined), as shown on Schedule P, Part 1 Summary.

Claimant Stakeholder Criteria

  • The Company’s gross loss and LAE ratio for the latest accident year, as shown on Schedule P, Part 1 Summary, was above the median for its Company Classification.

Owner Stakeholder Criteria

  • The Company’s return on average net admitted assets was in the top third of its Company Classification.

Using the Demotech Company Classification System

Demotech classifies insurance companies into one of eleven different categories based on objective financial criteria.  When examining the recipients of the STAR Awards, it is important to note that almost all of these eleven categories have been represented each year, affirming the assumption that stakeholder satisfaction is independent of size or corporate structure.

For information on the Stakeholder Team Accomplishment Recognition™ or media inquiries, please contact Rachel Wilkins at rwilkins@demotech.com.

stakeholder team accomplishment recognition (STAR) award badge
2021 Stakeholder Team Accomplishment Recognition™ (STAR) Award Winners
  • American Family Mutual Insurance Company, S.I.
  • American Freedom Insurance Company
  • Arch Specialty Insurance Company
  • Atain Specialty Insurance Company
  • Farm Bureau Mutual Insurance Company of Idaho
  • Farm Bureau Mutual Insurance Company of Michigan
  • Georgia Transportation Captive Insurance Company, Inc.
  • Homesite Insurance Company of New York
  • Housing Authority Risk Retention Group, Inc.
  • Indiana Farmers Mutual Insurance Company
  • Lutheran Mutual Fire Insurance Company
  • Madison Mutual Insurance Company
  • Medmarc Casualty Insurance Company
  • Northland Casualty Company
  • Northland Insurance Company
  • Plymouth Rock Assurance Corporation
  • Samaritan Risk Retention Group, Inc.
  • SIMED
  • St. Paul Fire and Marine Insurance Company
  • West Bend Mutual Insurance Company
  • Western Home Insurance Company
2020 Stakeholder Team Accomplishment Recognition™ (STAR) Award Winners
  • ACSTAR Insurance Company
  • Atain Insurance Company
  • Atain Specialty Insurance Company
  • Berkshire Hathaway Homestate Insurance Company
  • Century Mutual Insurance Company
  • Chesapeake Employers’ Insurance Company
  • CM Regent Insurance Company
  • Connecticut Medical Insurance Company
  • Cumberland Insurance Company, Inc.
  • Dakota Fire Insurance Company
  • Farm Bureau Mutual Insurance Company of Idaho
  • Farmers Reinsurance Company
  • Georgia Transportation Captive Insurance Company, Inc.
  • Grange Insurance Company
  • Inland Mutual Insurance Company
  • Medmarc Casualty Insurance Company
  • Metropolitan Property and Casualty Insurance Company
  • Millville Mutual Insurance Company
  • Mutual of Wausau Insurance Corporation
  • North Country Insurance Company
  • OASIS Reciprocal Risk Retention Group
  • Oklahoma Farm Bureau Mutual Insurance Company
  • Safety Indemnity Insurance Company
  • Safety Insurance Company
  • Safety Property and Casualty Insurance Company
  • Samaritan Risk Retention Group, Inc.
  • Service Lloyds Insurance Company
  • United States Fidelity and Guaranty Company
2019 Stakeholder Team Accomplishment Recognition™ (STAR) Award Winners
  • ACUITY, A Mutual Insurance Company
  • Alaska National Insurance Company
  • American Family Mutual Insurance Company, S.I.
  • ASure Worldwide Insurance Company
  • Central Mutual Insurance Company
  • CM Regent Insurance Company
  • Cumberland Insurance Company, Inc.
  • Explorer Insurance Company
  • General Reinsurance Corporation
  • General Star Indemnity Company
  • Island Insurance Company, Limited
  • LAMMICO
  • Lititz Mutual Insurance Company
  • MMIC Insurance, Inc.
  • Mower County Farmers Mutual Insurance Company
  • Mt. Morris Mutual Insurance Company
  • Northland Insurance Company
  • Northwest G.F. Mutual Insurance Company
  • OASIS Reciprocal Risk Retention Group
  • Safety Indemnity Insurance Company
  • Safety Insurance Company
  • Safety Property and Casualty Insurance Company
  • Sentry Insurance a Mutual Company
  • Tri-State Consumer Insurance Company
  • United Fire & Casualty Company
  • VerTerra Insurance Company
  • Warranty Underwriters Insurance Company
2018 Stakeholder Team Accomplishment Recognition™ (STAR) Award Winners
  • ACUITY, A Mutual Insurance Company
  • Allstate Insurance Company
  • American Association of Orthodontists Insurance Company (A Risk Retention Group)
  • American Coastal Insurance Company, Inc.
  • American Equity Specialty Insurance Company
  • Discover Property & Casualty Insurance Company
  • Discover Specialty Insurance Company
  • Farm Bureau Mutual Insurance Company of Michigan
  • General Reinsurance Corporation
  • General Star Indemnity Company
  • General Star National Insurance Company
  • Germantown Mutual Insurance Company
  • Indiana Farmers  Insurance
  • Markel Insurance Company
  • MMIC Insurance, Inc.
  • Northland Casualty Company
  • Philadelphia Indemnity Insurance Company
  • Safety Insurance Company
  • SECURA Insurance, A Mutual Company
  • Sentry Insurance a Mutual Company
  • Southwest General Insurance Company
  • St. Paul Fire and Marine Insurance Company
  • St. Paul Guardian Insurance Company
  • St. Paul Surplus Lines Insurance Company
  • United States Fidelity and Guaranty Company
  • Western Home Insurance Company
  • Wisconsin Mutual Insurance Company
2017 Stakeholder Team Accomplishment Recognition™ (STAR) Award Winners
  • ACUITY, A Mutual Insurance Company
  • American Association of Orthodontists Insurance Company (A Risk Retention Group)
  • BCS Insurance Company
  • Capitol Casualty Company
  • Erie Insurance Exchange
  • Farm Bureau Mutual Insurance Company of Michigan
  • FD Insurance Company
  • General Reinsurance Corporation
  • Germania Insurance Company
  • Medmarc Casualty Insurance Company
  • Mercury Casualty Company
  • MMIC Insurance, Inc.
  • Mutual Risk Retention Group, Inc.
  • OOIDA Risk Retention Group, Inc.
  • PACO Assurance Company, Inc.
  • ProAssurance Casualty Company
  • Protective Insurance Company
  • Safety Insurance Company
  • Samaritan Risk Retention Group, Inc.
  • Sentry Insurance a Mutual Company
  • State Farm Fire and Casualty Company
  • Trinity Universal Insurance Company
2016 Stakeholder Team Accomplishment Recognition™ (STAR) Award Winners
  • ACUITY, A Mutual Insurance Company
  • American Family Mutual Insurance Company
  • Ansur America Insurance Company
  • ASure Worldwide Insurance Company
  • Capitol Casualty Company
  • Columbia Federal Insurance Company
  • Community Hospital Alternative for Risk Transfer (A Reciprocal RRG)
  • Cumberland Insurance Company, Inc.
  • Farm Bureau Mutual Insurance Company of Michigan
  • Farmers Alliance Mutual Insurance Company
  • Fortuity Insurance Company
  • Health Providers Insurance Reciprocal, A Risk Retention Group
  • Mental Health Risk Retention Group, Inc.
  • Midrox Insurance Company
  • Missouri Employers Mutual Insurance Company
  • MMIC Insurance, Inc.
  • Mutual Benefit Insurance Company
  • Noetic Specialty Insurance Company
  • Phoebe Reciprocal Risk Retention Group
  • PLICO, Inc.
  • Preferred Mutual Insurance Company
  • ProAssurance Casualty Company
  • Safeway Insurance Company
  • Sentry Insurance a Mutual Company
  • Society Insurance, A Mutual Company
  • State Farm Fire and Casualty Company
  • Trinity Universal Insurance Company
  • Warranty Underwriters Insurance Company
  • Wayne Cooperative Insurance Company
2015 Stakeholder Team Accomplishment Recognition™ (STAR) Award Winners
  • 21st Century Indemnity Insurance Company
  • ACUITY, A Mutual Insurance Company
  • American Family Mutual Insurance Company
  • American Southern Insurance Company
  • Bear River Mutual Insurance Company
  • Capitol Casualty Company
  • Cincinnati Specialty Underwriters Insurance Company
  • Columbia Federal Insurance Company
  • Community Hospital Alternative for Risk Transfer (A Reciprocal RRG)
  • Farmers Mutual Fire Insurance Company of Marble, Pennsylvania
  • Farmers Reinsurance Company
  • Health Providers Insurance Reciprocal, A Risk Retention Group
  • Island Insurance Company, Limited
  • Louisiana Pest Control Insurance Company
  • Lutheran Mutual Fire Insurance Company
  • Medical Mutual Insurance Company of Maine
  • Medmarc Casualty Insurance Company
  • Merced Property & Casualty Company
  • Metropolitan Property and Casualty Insurance Company
  • MMIC Insurance, Inc.
  • NAMIC Insurance Company, Inc.
  • National Assisted Living Risk Retention Group
  • PLICO, Inc.
  • ProAssurance Casualty Company
  • ProAssurance Indemnity Company, Inc.
  • Sentry Insurance a Mutual Company
  • State Farm Fire and Casualty Company
  • Sublimity Insurance Company
  • Tuscarora Wayne Insurance Company
2014 Demotech STAR Award Winners
  • 21st Century Indemnity Insurance Company
  • 21st Century Premier Insurance Company
  • ACUITY, A Mutual Insurance Company
  • All America Insurance Company
  • American Select Insurance Company
  • Ansur America Insurance Company
  • Capitol Casualty Company
  • Central Mutual Insurance Company
  • Cincinnati Specialty Underwriters Insurance Company
  • Columbia Federal Insurance Company
  • Community Hospital Alternative for Risk Transfer (A Reciprocal RRG)
  • Dorchester Insurance Company
  • General Star Indemnity Company
  • General Star National Insurance Company
  • Healthcare Providers Insurance Company (Risk Retention Group)
  • Inland Mutual Insurance Company
  • Kansas Medical Mutual Insurance Company
  • Louisiana Pest Control Insurance Company
  • Lutheran Mutual Fire Insurance Company
  • Medical Mutual Insurance Company of Maine
  • Medmarc Casualty Insurance Company
  • Mental Health Risk Retention Group, Inc.
  • Metropolitan Property and Casualty Insurance Company
  • Mutual Benefit Insurance Company
  • National Assisted Living Risk Retention Group
  • Old Guard Insurance Company
  • PACO Assurance Company, Inc.
  • Patriot Insurance Company
  • Physicians Proactive Protection, Inc. Risk Retention Group
  • ProAssurance Casualty Company
  • ProAssurance Indemnity Company, Inc.
  • Redwood Fire and Casualty Insurance Company
  • Safety Insurance Company
  • SECURA Insurance, A Mutual Company
  • Select Risk Insurance Company
  • Sentry Insurance a Mutual Company
  • Texas Builders Insurance Company
  • TransGuard Insurance Company of America, Inc.
  • Transit Mutual Insurance Corporation of Wisconsin
  • Trinity Universal Insurance Company
  • United Educators Insurance, A Reciprocal Risk Retention Group
  • Yellowstone Insurance Exchange (A Risk Retention Group)
2013 Demotech STAR Award Winners
  • American Equity Specialty Insurance Company
  • Bear River Mutual Insurance Company
  • California Medical Group Insurance Company, RRG
  • Callicoon Co-operative Insurance Company
  • Carolina Farmers Mutual Insurance Company
  • Columbia Federal Insurance Company
  • Community Hospital Alternative for Risk Transfer, Reciprocal RRG
  • Discover Specialty Insurance Company
  • Essex Insurance Company
  • Evanston Insurance Company
  • Executive Risk Indemnity, Inc.
  • Farmers Mutual Fire Insurance Company of Salem County
  • Farmers Mutual Insurance Company of Nebraska
  • Firstline National Insurance Company
  • Fitchburg Mutual Insurance  Company
  • General Reinsurance Corporation
  • Genesis Insurance Company
  • Haulers Insurance Company, Inc.
  • Healthcare Providers Insurance Company, RRG
  • Housing Authority Risk Retention Group, Inc.
  • Island Insurance Company Limited
  • Kansas Medical Mutual Insurance Company
  • Mental Health Risk Retention Group, Inc.
  • Metropolitan  Property and Casualty Insurance Company
  • Millers Capital Insurance Company
  • MMIC Insurance, Inc.
  • Mutual Benefit Insurance Company
  • Northland Insurance Company
  • Partner Reinsurance Company of the U.S.
  • ProAssurance Casualty Company
  • ProAssurance Indemnity Company, Inc.
  • Restoration Risk Retention Group, Inc.
  • Select Risk Insurance Company
  • Sentry Insurance a Mutual Company
  • Standard Fire Insurance Company
  • St. Paul Protective Insurance Company
  • Travelers Casualty Company
  • Travelers Constitution State Insurance Company
  • Tri-State Consumer Insurance Company
  • United Heritage Property and Casualty Company
  • Utica First Insurance Company
  • West Virginia Insurance Company
  • West Virginia Mutual Insurance Company
  • Western Pacific Mutual Insurance Company, RRG