Financial Strength Rating | Solvency | Industry Best Practice
Our Strength Rating and Solvency Margin measure our financial strength. The information below, provides Members with transparency and the peace of mind of knowing UniMed is financially secure.
UniMed has an A (Excellent) Strength Rating, and Solvency Margin of 198%.
UniMed Financial Strength Rating: A (Excellent)
The Insurance (Prudential Supervision) Act 2010 requires New Zealand insurers to have a financial strength rating given by an approved rating agency.
UniMed is assessed by AM Best, a global credit rating agency, to have a Financial Strength Rating of A (Excellent).
To help interpret the rating, AM Best's Financial Strength Rating scale is:
| Ratings | Description |
| A++, A+ | Superior |
| A, A- | Excellent |
| B++, B+ | Good |
| B, B- | Fair |
| C++, C+ | Marginal |
| C, C- | Weak |
| D | Poor |
| E | Under Regulatory Supervision |
| F | Liquidation |
| S | Suspended |
For information about AM Best’s rating scale, category definitions, and their rating disclosure, see AM Best’s guide to financial strength ratings.
Solvency
As a licensed insurer, UniMed is subject to the requirements of Reserve Bank of New Zealand (RBNZ) solvency standards.
UniMed Solvency as at 31 March 2025
| NZ$000s | |
| Solvency Capital | $209,362 |
| Adjusted Prescribed Capital Requirement | $105,906 |
| Adjusted Solvency Margin | $103,456 |
| Adjusted Solvency Ratio | 198% |
'Adjusted Solvency Ratio' is calculated as Solvency Capital divided by the Adjusted Prescribed Capital Requirement.
'Solvency Capital' is the amount of capital held for solvency purposes.
'Adjusted Prescribed Capital Requirement' is the minimum amount of capital required to be held for solvency purposes.
For more information about Solvency standards, see the RBNZ website.
Industry Best Practice
Acting responsibly on behalf of our Members, includes following industry best practice standards and complying with Codes of conduct.
Insurance and Financial Services Ombudsman
UniMed is a participant in the Insurance & Financial Services Ombudsman (IFSO) Scheme: a free, independent service which helps resolve disputes between financial service providers and their customers.
As a Member of UniMed, if you aren’t happy with a decision we have made about your policy, please see our Complaint Process
If you aren’t happy at the end of the Complaint Process, you can contact the IFSO to request an independent review, at no cost to you.
To learn more about this, contact the IFSO:
Financial Services Council
UniMed is a member of the Financial Services Council NZ (FSC) - a non-profit member organisation which promotes best practice and integrity in the financial services industry.
As a member of the FSC, UniMed adheres to the FSC Code of Conduct. This Code promotes good conduct, a strong customer-focused culture, and follows the standards and guidance of the FSC.
FSC website
FSC Code of Conduct
If you have questions, please call UniMed: 0800 600 666.
(8am - 5pm, Monday - Friday) Or email: feedback@unimed.co.nz