Dayinsure.com began offering short term car insurance to the public in June 2005 with the opening of its e-commerce website. Dayinsure.com Limited first registered as a Companies House in December 2003 as a “Private Limited with share capital.”
Originally Dayinsure.com Limited offered products for the franchised motor trade before opening its public website. The company’s registered office is located in Cranage, Cheshire in the United Kingdom.
Financial strength ratings
Dayinsure.com does not underwrite its own policies, but instead acts as an intermediary for other car insurance underwriters, namely, Aviva Insurance UK Limited, RAC, QBE and Mondial Assistance UK.
Aviva Insurance UK Limited underwrites Dayinsure.com’s main short term insurance product. This company arose from a merger of Norwich Winterthur Holdings Ltd with CGU in 2000 with the name “Aviva Insurance UK Ltd” adopted in 2009. The company is the largest insurance provider in the UK and sixth largest in the world.
Major financial analysis companies including A. M. Best, Moody’s and Standard & Poor’s provide financial strength ratings for insurance companies around the world.
A.M. Best rating for Aviva
Aviva Insurance UK Limited receives a “A” financial strength rating from the A.M Best Consumer Insurance Center.
Moody’s rating for Aviva
Moody’s provides an “Aa3” rating for Aviva Insurance UK Limited issued on 19 May 2009. The Moody’s “Aa” rating is the second highest score behind the “Aaa” rating.
Standard & Poor’s rating for Aviva
Aviva Insurance UK Limited receives a “AA-” rating from Standard & Poor’s. The AA rating is the second highest rating after AAA and it indicates that Aviva is a “very strong” insurance company in terms of financial security.
Overall evaluation of Aviva Insurance UK Limited
All of the ratings companies mentioned above rated Aviva as a company with excellent financial strength and as not showing any signs of instability. While the company does not have the highest possible ratings, it generally is strong enough to provide assurance to customers and its rating is not that much different from the highest possible score. Mainly, the company has a slightly weaker long-term outlook as compared to the world's strongest financial companies.
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