Disclosures
Solvency Margin
NZMII Solvency Margin as at 31 December 2023 are as follows:
- Actual Solvency Capital NZ$4,299,329
- Minimum Solvency Capital Requirement NZ$3,000,000
- Solvency Margin NZ$1,299,329
- Solvency Ratio 143%
Financial Strength Rating
New Zealand Medical Indemnity Insurance has been issued a Financial Strength Rating of B+ (Good) and an Issuer’s Credit Rating of bbb- (Good), with the outlook on both ratings assigned to ‘Stable’. These ratings were issued by A.M. Best on 28 April 2023.