Insurer chosen as a top-performing company for the 13th consecutive year
Jewelers Mutual Insurance Company, SI (a stock insurer) announced its inclusion as a Ward’s 50® top-performing property-casualty insurance company for 13 consecutive years. The recognition underscores Jewelers Mutual’s unwavering commitment to excellence, as demonstrated by its outstanding financial results in the areas of safety and consistency, and performance over a five-year period from 2018-2022. Top performers on the list are measured by financial stability and ability to grow while maintaining strong capital positions and underwriting results.
Since its inception in 1913, Jewelers Mutual has remained steadfast in its commitment to providing unparalleled services to support and protect jewelry businesses and jewelry consumers – now serving more than one million customers throughout the U.S. and Canada. Today, the company continues to innovate to meet the evolving needs of its customers. By implementing robust risk management strategies, advanced underwriting techniques, and cutting-edge insurtech solutions, Jewelers Mutual has solidified its reputation as a trusted insurance and business solutions provider at the forefront of innovation and technology.
“As we celebrate 110 years of service this year, we are immensely proud of our recognition as a top-performing insurance company,” said Scott Murphy, President and Chief Executive Officer at Jewelers Mutual. “This accomplishment is a testament to the enduring values that have shaped our company over the years – the relentless pursuit of excellence, a focus on listening to our customers and delivering on their needs, and our commitment to providing consistent, unmatched service. We are grateful to our dedicated team and loyal customers who have been instrumental in our success.”
The list of Ward’s 50® top performing insurance companies was released on July 11 by Ward Group, an Aon Hewitt company and the leading provider of operational and compensation benchmarking and best practices services for insurance companies. To develop its annual list of the top 50 performing insurance companies, Ward Group analyzes the financial performance of property-casualty insurance companies domiciled in the United States and identifies the top performers per segment. Each company has passed all safety and consistency screens and achieved superior performance over the five years analyzed.
A complete list of the 2023 Ward’s 50® companies for property-casualty is located at ward.aon.com/ward-benchmarking/wards50.
ABOUT JEWELERS MUTUAL GROUP
Jewelers Mutual was founded in 1913 by a group of Wisconsin jewelers to meet their unique insurance needs. Later, consumers began putting their trust in Jewelers Mutual to protect their jewelry and the special memories each piece holds. Today, Jewelers Mutual continues to support and move the industry forward by listening to jewelers and consumers and offering products and services to meet their evolving needs. Beyond insurance, Jewelers Mutual’s powerful suite of innovative solutions and digital technology offerings help jewelers strengthen and grow their businesses, mitigate risk, and bring them closer to their customers. The Group insurers’ strong financial position is reflected in their 36 consecutive “A+ Superior” ratings from AM Best Company, as of November 2022. Policyholders of the Group insurers are members of Jewelers Mutual Holding Company. Jewelers Mutual is headquartered in Neenah, Wisconsin, with other Group offices in Dallas, Texas and Miami, Florida. To learn more, visit JewelersMutual.com.
ABOUT WARD BENCHMARKING
Ward is the leading provider of benchmarking and best practices studies for the insurance industry. Their team analyzes staff levels, compensation, business practices, and expenses for all areas of company operations and helps insurers to measure results compared to peer groups, optimize performance, and improve profitability. Since 1991, they have performed more than 3,000 operational and compensation benchmarking exercises for companies of all sizes. For more information, please visit ward.aon.com.