The Insurance (Prudential Supervision) Act 2010 requires licensed insurers to have a current financial strength rating that is given by an approved rating agency.
Vero Insurance New Zealand Limited has been given an A+ insurer financial strength rating by Standard & Poor’s. The rating outlook is stable.
The Financial Strength Rating Scale is:
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. The full version of this rating scale can be obtained from www.vero.co.nz