|A++ and A+||Superior|
|A and A-||Excellent|
|B++ and B+||Good|
|B and B-||Fair|
|C++ and C+||Marginal|
|C and C-||Weak|
|E||Under Regulatory Supervision|
Pacific International Insurance Pty Ltd is regulated by the Reserve Bank of New Zealand (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%