Tuesday, 19 April 2016

A.M. BEST AFFIRMS RATINGS OF PINNACLE LIFE LIMITED

SINGAPORE, April 19 (Bernama-BUSINESS WIRE) -- A.M. Best has affirmed the financial strength rating of B (Fair) and the issuer credit rating of “bb+” of Pinnacle Life Limited (Pinnacle Life) (New Zealand). The outlook for each rating remains stable.
 

The rating affirmations reflect Pinnacle Life’s low product risk profile, direct distribution capabilities and a lapse ratio consistently below the market average.
Pinnacle Life mainly underwrites simple life insurance in the term life market segment in New Zealand, relying primarily on a direct-to-consumer channel. In addition, the company continues to maintain a steady niche in its targeted market segment. 

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