Rating Agency Advisory

Ratings Agency Advisory

Learn how your organization can benefit from insurer rating agency advisory. 

Why is Rating Agency Advisory Important?

As market dynamics and rating agency criteria evolve, insurers need to be better informed of the key metrics that impact their ratings. Insurer balance sheets face mounting pressure from unrealized losses due to rising interest rates, volatile equity market performance and increased frequency and severity of catastrophe events. In response, Aon’s Rating Agency Advisory provides guidance to help insurers make better decisions to optimize capital and demonstrate to rating agencies how they plan to drive profitability.

How Aon Can Help 

Aon’s Rating Agency Advisory team understands and analyzes the rating process, methodology and criteria from AM Best, Demotech, Fitch, Kroll, Moody’s and Standard & Poor’s.

We help insurers:

  • Achieve Rating Goals

    Achieve your rating goals by delivering strategies to navigate ratings criteria and processes — including assisting new company formations.

  • Optimize Capital

    Optimize capital and develop management strategies through capital adequacy analysis using AM Best’s BCAR, S&P Capital and NAIC RBC, as well as measuring the cost/benefit of reinsurance capital.

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We are involved in over 200 rating assignments per year that enable us to monitor the changing rating criteria and emerging hot topics as well as understand the treatment of unique rating circumstances.

Pat Matthews
Head of Americas Capital Advisory, Aon

Aon’s Rating Agency Advisory works alongside our clients to: 

Why Work with Us

  • Team Experience

    More than 150 years of combined team experience helping clients achieve their rating objectives with actuary, auditor, CPA, CFA and ratings analyst backgrounds — plus insider perspective from 25 years of experience working at five different rating agencies.

  • Rating Agency Relationships

    Long-standing relationships with all rating agencies, including AM Best, Demotech, Fitch, Kroll, Moody’s and S&P.

  • Capital Adjustments

    Discovered over $22 billion of rating agency capital adjustments for insurance clients, including over $2.5 billion for regional and mutual insurance clients in the U.S. risk-based capital model.

  • Well-Versed in Accouting Guidelines

    Well-versed in accounting guidelines including GAAP, U.S. Statutory and IFRS; rating agency capital models such as S&P’s Risk Based Capital (RBC) and AM Best’s BCAR; and regulatory frameworks including Solvency II, BSCR and U.S. risk-based capital (RBC).

  • Knowledge of Marketplace

    Knowledge of the marketplace, with industry research papers including Catastrophe Risk Tolerance Study, Evolving Criteria, Observations on A- Rating Activity and rating agency criteria updates.

  • ESG Methodology

    Familiarity with rating agencies' ESG methodologies and questionnaire forms to help insurers provide the right quantitative and qualitative information to improve their ESG rating.


$21.5B of rating agency capital adjustments for clients

Let’s Connect

Talk to Our Team

Are you ready to learn how your organization can benefit from Ratings Agency Advisory?