Back to section: Financial, Legal and Governance
Our strength rating and solvency margin
Deciding if we’re the right health insurance provider for you means understanding how we’re doing financially. Our financial strength is measured by our solvency margin and strength rating.
Solvency margin
As a licensed insurer, Accuro Health Insurance Society Limited are required by the Interim Solvency Standard Amendment Standard 2023 (ISS) issued by the Reserve Bank of New Zealand (RBNZ) to retain a positive solvency margin, meaning that the solvency capital exceeds the prescribed capital requirement under the ISS.
The following solvency information as at 30 November 2023 is required to be disclosed in compliance with the ISS as issued by the RBNZ.
Solvency capital $32,072k
Adjusted prescribed capital requirement $28,421k
Adjusted solvency margin $3,650k
Adjusted solvency ratio 113%
Strength rating
The Insurance (Prudential Supervision) Act 2010 requires all licensed insurers to have a current financial strength rating (FSR) provided by an approved rating agency. This rating indicates whether we can meet our financial obligations, such as pay your claims.
We use A.M. Best as a rating agency, who have rated our financial strength rating at B (fair).
For a more detailed breakdown of A.M. Best’s FSR, download their guide.