Financial Strength Rating and Solvency


PD Insurance is underwritten by Pacific International Insurance Pty Ltd NZBN 9429041356500, FSP 394846. Pacific International has a Financial Strength Rating of B++ (Good) from the USA rating agency A.M. Best.


The rating is reviewed by A.M. Best on an annual basis, with the rating scale outlined in the table below. For the latest rating, together with an overview of the rating process and rating methodologies, go to


A.M. Best’s Issuer Credit Rating (ICR) Scale: ICR Scale Guide

A.M. Best’s Issuer Financial Strength (FSR) Scale: FSR Scale Guide

A.M. Best is an approved rating agency under the Insurance (Prudential Supervision) Act 2010.  

Rating Scale – FSR 


A++ and A+​Superior​
A and A-​Excellent​
B++ and B+Good


B and B-Fair
C++ and C+Marginal
C and C-Weak
EUnder Regulatory Supervision
FIn Liquidation

Pacific International Insurance Pty Ltd is regulated by the Reserve Bank of New Zealand (RBNZ).


Solvency Ratio


Pacific International Insurance Pty Ltd is regulated by both APRA and the RBNZ.

Under the Solvency Standard for Non-life Insurance Business (“the Solvency Standard”) issued by the Reserve Bank of New Zealand (“RBNZ”), to retain a positive solvency margin, meaning that the actual solvency capital position exceeds the minimum required under the Solvency Standard. The solvency information below is required to be disclosed in compliance with the Solvency Standard. 

Pacific International Insurance Pty Ltd uses Tier 1 Capital.  As at 30 June 2020 Pacific International Insurance’s solvency position was: 

Actual Solvency Capital: AUD 15,541,000

Minimum Solvency Capital: AUD 7,498,000

Solvency Margin: AUD 8,043,000

Solvency Ratio: 207.27%