InsuredBetter's Ryan Specialty Insurance Score
4.5 Stars
We award Ryan Specialty, or Ryan Turner (RT) Specialty, a final rating of 4.5 out of 5 stars. As a wholesale brokerage, Ryan Specialty provides binding authority and underwriting management services. The brokerage distributes a wide variety of insurance products to various insurance companies and retail brokerage firms. These products include casualty insurance, professional lines insurance, personal lines insurance, specialty property insurance, and workers' compensation insurance.
Ryan Specialty has an "A+" rating from the Better Business Bureau (although they aren't BBB accredited). The brokerage also provides a great user-friendly experience for customers. Overall, we highly recommend looking into the services provided by Ryan Specialty.
Ryan Specialty Pros and Cons:
| Pros: | Cons: |
|---|---|
Rated “A+” by the Better Business Bureau
|
Not a BBB-accredited business
|
|
Underwrites and distributes a variety of coverages
|
|
|
Offers wholesale brokerage, binding authority, and underwriting management
|
Ryan Specialty Insurance Products by Type
Since Ryan Specialty is a wholesale brokerage and not an insurance company, you can't buy a policy directly through the business. However, Ryan Specialty underwrites and distributes the following types of insurance products to various insurance carriers:
- Specialty property insurance
- Casualty insurance
- Professional lines insurance
- Personal lines insurance
- Workers' compensation insurance
If you're interested in one of the types of insurance underwritten and/or distributed by Ryan Specialty, your independent insurance agent can help you find it.
What Discounts Does Ryan Specialty Offer?
Since Ryan Specialty is a wholesale brokerage and not an insurance company that offers coverage to customers directly, it doesn't have traditional discounts. The discounts offered on the insurance products underwritten or distributed by Ryan Specialty depend on the specific insurance company that sells the actual policies. Your independent insurance agent can help you find out more about discounts you may be eligible for on any type of insurance.
Ryan Specialty Customer Service
Ryan Specialty allows customers to contact them via the following mediums:
- Phone
- Fax
- Snail mail
- Contact form on website
- Online payments
To ensure a great customer service experience, work together with an independent insurance agent. These agents can help handle claims and other matters for you so you can relax and enjoy your coverage.
Ryan Specialty Insurance FAQs
What is Ryan Specialty's claims process?
Ryan Specialty is a wholesale brokerage rather than an insurance company. As such, Ryan Specialty does not handle claims directly and thus does not have a claims process.
What is Ryan Specialty's customer service availability?
Ryan Specialty does not specify its phone customer service department hours, but it allows customers to get in touch through several mediums. Customers can make payments online or contact the carrier via phone, email, fax, or snail mail.
How much are Ryan Specialty's insurance rates?
Ryan Specialty does not sell insurance policies directly to customers. Coverage rates are determined by each individual insurance company that sells the products underwritten and distributed by Ryan Specialty.
Does Ryan Specialty create a user-friendly experience for its customers?
Ryan Specialty's official website is well-designed and intuitive. The brokerage is able to be contacted via several mediums and has a social media presence that extends across LinkedIn, X, and YouTube. Overall, Ryan Specialty creates a good user-friendly experience for customers.
Is Ryan Specialty a good insurance company?
Ryan Specialty is not an insurance company, but rather a wholesale brokerage. Ryan Specialty distributes and underwrites various insurance products for insurance companies and retail brokerage firms. The brokerage has an "A+" rating by the Better Business Bureau.
Who are Ryan Specialty's insurance products right for?
Ryan Specialty distributes a wide variety of insurance products to various insurance carriers and retail brokerage firms. Customers looking for any of the following types of coverage may benefit from one of the policies underwritten or distributed by Ryan Specialty:
- Specialty property insurance
- Casualty insurance
- Professional lines insurance
- Personal lines insurance
- Workers compensation insurance
Sources
https://ryanspecialty.com/what-we-offer/
https://www.bbb.org/us/il/chicago/profile/insurance-services-office/ryan-specialty-group-0654-88557979
