Pinnacle Life sees steady operating performance

AM Best projects the insurer to have a stable outlook against a solid balance sheet.

New Zealand insurer Pinnacle Life is expected to keep its risk management capabilities appropriate for its key risks, whilst company expansion will help its continued growth, AM Best said.

AM Best affirmed Pinnacle Life’s stable outlook reflecting the company’s adequate balance sheet strength, supported by strong risk-adjusted capitalisation and robust regulatory solvency, albeit with high reliance on third-party reinsurance.

Operating performance has been adequate, driven by in-force life business and investment returns.

ALSO READ: NZ general insurance GWP to grow 7.3% annually

The business profile is limited due to small scale and low diversification, focused on mortality products in New Zealand, with Greenstone as a key distribution partner.

ERM is also considered appropriate, with plans to mitigate risks through growth and leveraging Greenstone's expertise.

Follow the link for more news on

AM Best

insurance

Also Read

FWD Philippines targets gamer insurance gaps

Korean construction insurer maintains strong capital

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit