Navigation Links
Conventus Inter-Insurance Exchange Assigned Highest Financial Stability Rating® by Demotech, Inc.
Date:10/1/2017

Conventus Inter-Insurance Exchange, a leading New Jersey medical malpractice insurer, is proud to announce that the Financial Stability Rating® (FSR) assigned to it has been upgraded to A'' (A Double Prime), Unsurpassed, by Demotech, Inc. This is Demotech’s highest FSR, assigned to insurers who possess unsurpassed financial stability related to maintaining positive surplus for policyholders, liquidity of invested assets, an acceptable level of financial leverage, reasonable loss and loss adjustment expense reserves (L&LAE), and realistic pricing.

“We are extremely gratified to have been assigned Demotech’s highest Financial Stability Rating®,” said Lyn Winters, President of Conventus. “The Conventus promise to its member owners is that we will manage the company responsibly, and in the best interests of our physicians, so that we will be there for them now and in the future. This rating upgrade is further confirmation that Conventus is extremely strong financially and solidly positioned for continued growth and long-term success.”

Since its inception in December 2002, Conventus has grown significantly, with membership now almost 1,200 physician owners. Conventus’ balance sheet continues to strengthen as its membership grows. Over the 15 years since its inception, Conventus has built total surplus of more than $41 Million and key ratios that are among the best in the state. Conventus is also celebrating its eighth consecutive year of returning profit to its physician member owners through the Conventus Owner Benefit Plan, rewarding almost $13 million in dividends and capital returns in that time.

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. Visit http://www.demotech.com for more information.

About Conventus Inter-Insurance Exchange
As New Jersey’s premier professional liability insurer formed by and governed through an alliance of physicians, Conventus is devoted to serving the best interests of independent physician practices. Conventus members and their staff enjoy exclusive access to insurance products and highly personalized services, gaining the practical knowledge and expert resources they need to improve practice performance, better serve their patients, and remain independent. The Conventus team prides itself on being forward lookers and solution partners whose sole purpose is to help independent physician practices thrive in today’s rapidly changing healthcare environment. Learn more at http://www.conventusnj.com.

Follow Conventus on Twitter @ConventusNJ and LinkedIn at Conventus Inter-Insurance Exchange

Read the full story at http://www.prweb.com/releases/2017/10/prweb14753855.htm.


'/>"/>
Source: PRWeb
Copyright©2017 Vocus, Inc.
All rights reserved


Related medicine news :

1. Conventus to Exhibit at NJMGMA 2015 Practice Management Conference April 30th - May 1st
2. Conventus to Host Live Webinar on MACRA’s Quality Payment Program for Medical Practices
3. News Release: Conventus Launches Webinar Series on Pain Management Regulations
4. Experience a Private Instance of Microsoft Exchange Server 2013 Using AWS Test Drive from Apparatus
5. Global Food Exchange Responds to Critical Need in the Philippines
6. New Infographic Explains Private Exchange Functionality and Future of Defined Contribution Funding Model
7. Trubiquity’s B2B Data Exchange & Collaboration Platform Receives Global Supply Chain Recognition for IT Innovation
8. Zane Benefits Publishes New Information on How to Reimburse Exchange Health Insurance
9. 2013 U.S. Image Exchange Study Released
10. WEDI Partners with EHNAC and DirectTrust.org to Accelerate the Adoption of Direct Health Information Exchange
11. DigitalOne Radiology Exchange, Guaranteed Delivery Now
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/17/2018)... ... 2018 , ... Power to Decide, the campaign to prevent unplanned pregnancy, announced ... possible with support from the HHS Office of Adolescent Health, Innovation Next is a ... a focus on technology-enabled ideas. , This year, five new teams will be selected ...
(Date:10/16/2018)... ... October 16, 2018 , ... ... Services for upstream, midstream and downstream operators today announces Total Train Comprehensive Release ... packaged release of critical system components focused on improving cybersecurity defense around turbomachinery. ...
(Date:10/16/2018)... (PRWEB) , ... October 16, 2018 , ... ... part of its mission to provide simple, easy-to-use software for biopharma companies. By ... can now quickly answer those crucial resourcing questions without spending millions of dollars ...
(Date:10/16/2018)... ... October 15, 2018 , ... LGC ... Fluids, Order Number 205bf, for easier linearity and calibration verification. , The ... linearity, calibration verification and verification of the reportable range for Albumin (ALB), Amylase ...
(Date:10/13/2018)... (PRWEB) , ... October 12, 2018 , ... At HEI ... to announce they will be attending this year’s National Healthcare CXO Fall Summit by ... to discuss key Patient Access and Patient Experience challenges with leading healthcare providers. ...
Breaking Medicine News(10 mins):
(Date:10/17/2018)... ... October 17, 2018 , ... Dr. Dan Holtzclaw, ... technique documenting the use of placental based growth factors for the treatment of ... Holtzclaw, “At our DIA Dental Implant Center locations in Austin and San Antonio, ...
(Date:10/17/2018)... ... 17, 2018 , ... WHAT: , Hosted by MarketsandMarkets ... niche markets, Artificial Intelligence in Healthcare Conference will bring together healthcare ... from leading experts who are developing and deploying the technology. The industry experts ...
(Date:10/16/2018)... ... October 16, 2018 , ... The ... said to improve productivity and sleep, is joining forces with Singing for Superheroes ... by Steven Battey, four-time Grammy-nominated singer/songwriter and performed by Ashanti, features TouchPoints wearables ...
Breaking Medicine Technology: