interactive rating
Interactive rating is an independent assessment of an insurer's ability to pay clms BASED ON a comprehensive qualitative & quantitative analysis.
What is the assessment independent from - it was established in shortcomings that there is a conflict of interest since rating agencies are paid by the companies they rate.
Comments
independent just means done by an external party who should hopefully have an unbiased view of things. To your point, they are not completely independent. Even auditors are paid by their clients so they are not completely independent