began offering short term car insurance to the public in June 2005 with the opening of its e-commerce website. Limited first registered as a Companies House in December 2003 as a “Private Limited with share capital.”

Originally 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 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’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.

A.M. Best defines the “A” rating as an “excellent” score for a secure financial institution. Only the A+ and A++ ratings are higher. Companies with an A rating are said to have an excellent capability of meeting all their existing insurance obligations.

Additionally, A.M. Best gives Aviva a “Positive” outlook meaning that the company's ratings may rise in the near future.

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.

An “Aa” rating indicates that the insurance company offers excellent financial security to customers, however, their long-term risks may be larger than those posed by “Aaa” companies. The numerical modifier “3” at the end of the “Aa” rating further indicates the strength of the rating (from 1-3).

A “1” is the highest numerical modifier and “3” is the lowest, so Aviva is at the low scale of an “Aa” rating. Aviva Insurance UK Limited is not on Moody’s watch list for future debt downgrades.

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.

The minus (-) sign at the end of the rating means that Aviva has a lower AA rating as compared to an AA+ or AA score.

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.

Please note that this page is for your information only, we do not make any recommendations as to whether or not you should have dealings with this company. If in any doubt you should seek advice from a properly qualified and authorised advisor.

This information was, to the best of our knowledge, correct on 15th October 2011. If you are aware of changes since then please

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