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%