About AIA New Zealand
At AIA New Zealand, our job is to protect New Zealand families and businesses. Through an extensive network of insurance advisers and organisations, we provide simple, yet innovative, insurance solutions that suit the Kiwi way of life:
- Life insurance
- Health insurance
- Income protection insurance
- Disability insurance
- Business insurance
- Farmers insurance.
AIA New Zealand
We’ve been helping New Zealanders since 1981. And as part of the AIA Group, one of the largest life insurance companies in the Asia Pacific region, our customers have the assurance that we’ll always be there for them when it counts, whatever life may bring.
AIA International Limited, trading as AIA New Zealand was given an "AA-" insurer financial strength rating by Standard & Poor's (Australia) Pty Limited.
The rating scale is as follows:
|AAA||Extremely strong||CCC||Very weak|
|AA||Very strong||CC||Extremely weak|
Plus(+) or minus(-): The rating from 'AA' to 'CCC' may be modified by the addition of a plus or minus sign to show relative standings within the major rating categories.
Our solvency margin
The solvency margin of AIA New Zealand as at 31 May 2013 is $49.3m, made up as follows:
|TOTAL AIA NEW ZEALAND ($ M)|
|Actual Solvency Capital||92.5|
|Minimum Solvency Capital||43.2|
Note: the 'Minimum Solvency Capital' is the minimum amount of capital required to be held for solvency purposes. 'Actual Solvency Capital' is the amount of capital actually held for those purposes. The difference between the two is the solvency margin. AIA New Zealand established its statutory fund on 30 August 2013 and therefore cannot report a margin for the statutory fund as at 31 May 2013.