Financial strength rating agencies
Rating agency approval guideline
Rating agencies need to obtain approval under the Act to provide insurer ratings.
The Reserve Bank has produced Rating agency approval guidelines to assist these agencies in understanding the Act's requirements.
Download the Rating agency approval guidelines (PDF 99KB).
Approved rating agencies
The following rating agencies have been approved by the Reserve Bank for the purposes of sections 60-71 of the Act:
- A.M. Best
- Standard & Poor's
- Fitch Ratings
This will be updated as other agencies are approved.
Read sections 60-71 of the Insurance (Prudential Supervision) Act 2010.
More information on licensed insurers
Insurers seeking to carry on insurance business in New Zealand are required to be licensed under section 19 of the Insurance (Prudential Supervision) Act 2010 (the Act), unless section 246 (1A) applies, which means that in some circumstances insurers retain a provisional licence where they are no longer writing new policies.
This is the register of insurers who are licensed to carry on insurance business in New Zealand.