Regulation

DPL Insurance is regulated by the Reserve Bank of New Zealand and holds a Full Insurance licence for Life and Non-life products, in accordance with the Insurance (Prudential Supervision) Act 2010. Our Full Insurance licence was issued on the 22nd August 2013.

 

Financial Strength Rating


The Insurance (Prudential Supervision) Act 2010 requires all licensed insurers to have a current Financial Strength Rating, given by an approved rating entity. DPL Insurance Limited has been issued a Financial Strength Rating of B+ (Good) and an Issuer Credit Rating of bbb- (Good), with the outlook assigned to both ratings as 'Stable' by A.M. Best. The rating was issued by A.M. Best on 29 June 2016.
 

The A.M Best company rating scale is

 
A++, A+ Superior
A, A- Excellent
B++, B+ Good
B, B- Fair
C++, C+ Marginal
C, C- Weak
D Poor
E Under Regular Supervision
F In liquidation
S Suspended

Issuer Credit rating

 
Investment Grade
aaa (Exceptional)
aa (Superior)
a (Excellent)
bbb (Good)
 
Non-Investment Grade
bb (Fair)
b (Marginal)
ccc, cc (Weak)
c (Poor)
rs (Regulatory Supervision / Liquidation)


Solvency Margin as at 30 September 2016

  NZ $000

Actual solvency capital 8,611
Calculated minimum solvency capital 5,888
Calculated solvency margin 2,723
Solvency ratio on calculated margin (times) 1.46
Regulatory minimum capital requirement 5,888
Solvency margin on regulatory minimum requirement 2,723
Solvency ratio on regulatory minimum requirement (times) 1.46

Non-life insurance
 

Actual solvency capital 2,562
Calculated minimum solvency capital 2,320
Solvency margin on calculated minimum requirement 242
Solvency ratio (times) 1.10

Life insurance
 

Actual solvency capital 6,049
Calculated minimum solvency capital 3,568
Solvency margin on calculated minimum requirement 2,481
Solvency ratio (times) 1.70