Industry Recognition | Bear River Mutual

Industry Recognition

Bear River Mutual named one of Utah’s Best Companies to Work For in 2014

You can see all of the winning companies here

Bear River Mutual named a Ward’s Top 50 P&C Insurance Company for five straight years

Bear River Mutual Insurance Company was named as one of the nation’s top 50 performing property and casualty insurance companies by the Ward Group from 2008 to 2013. The Ward Group is an operational consulting firm and provider of benchmarking and best-practices services to the insurance industry. Bear River was the only Utah-based insurance company included on the list.

Ward Group
Ward Group

Annually, Ward Group analyzes the financial performance of over 3,000 property-casualty insurance companies and nearly 800 life-health insurance companies domiciled in the United States and identifies the top performers in each segment.

Each of the top fifty companies is awarded the Ward’s 50® Seal and their names are listed as the Ward’s 50® Top Performers for the year. Each Ward’s 50® company has passed all safety and consistency screens and achieved superior performance over the five years analyzed.

Bear River Mutual one of just 30 U.S. insurance companies to earn STAR Award in 2015

The STAR (Stakeholder Team Accomplishment Recognition) Award, developed by Demotech, was designed to recognize insurance companies that satisfy ALL stakeholders, not just a single segment of interested parties. In general terms, the award is designed to recognize top achievement in stakeholder satisfaction, financial stability and profitability. To earn the 2015 STAR Award, Bear River Mutual had to demonstrate beneficial  statutory financial results for the following:

  • Employees
  • Producers
  • Claimants
  • Regulators
  • Consumers
  • Reinsurers

Over 2,600 insurance carriers across the nation were reviewed for this award – only 1.1% of Property and Casualty insurance companies met or exceeded each of the stakeholder criteria. Bear River Mutual was one of the elite few for the second time in as many years.