Financial strength rating
AA-
We know that the most important thing for our customers is knowing that we have the financial strength to be able to pay their claims.
Independent ratings agency Standard & Poor’s undertakes a regular assessment of our business to provide an overall financial strength rating.
IAG New Zealand Limited (IAG) has received a financial strength rating of AA- from Standard & Poor's (Australia) Pty Limited, an approved rating agency. A rating of AA- means IAG has a 'very strong' claims-paying ability.
Standard and Poor's Long Term Insurer Financial Strength Rating Scale*
The ratings from 'AA' to 'CCC' may be modified by the addition of a plus (+) or minus (-) sign to show relative standing within the major rating categories.
*The rating scale above is in summary form. A full description of this rating scale can be obtained from www.standardandpoors.com.
Solvency margin
Our annual solvency return lodged with the Reserve Bank of New Zealand further illustrates our ability to pay our customers' claims. It showed that as at 30 June 2019 IAG New Zealand Limited had the following solvency margin:
Actual Solvency Capital
$ MILLIONS
Minimum Solvency Capital
$ MILLIONS
Solvency Margin
$ MILLIONS
Solvency Ratio
%
QFE disclosure statement
It is important that you read this information: It is general information that will help you to compare financial advisers and choose the one that best suits your needs.
IAG is a Qualifying Financial Entity ('QFE') under the provisions of the Financial Advisers Act 2008. You can check this information on the Financial Service Providers Register at fspr.govt.nz.
As a QFE, IAG is licensed to take responsibility for its advisers and to ensure that they exercise due care, diligence and skill when providing financial advice to you. Our QFE licence means that IAG’s QFE advisers do not have to be individually registered or authorised. IAG’s QFE advisers can provide personalised advice about general insurance and warranty products.
IAG is licensed and regulated by the Financial Markets Authority (FMA). You can obtain information about financial advisers from the FMA. You may also report information to the FMA about IAG and its financial advisers at:
Governance
Governance
We are committed to attaining the highest level of corporate governance to ensure the future sustainability of our business.
Code of ethics
We are committed to conducting our business with the highest standard of ethics and conduct.
