SINGAPORE, July 27 (Bernama-BUSINESS WIRE) -- A.M. Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” of Youi NZ Pty Limited (Youi NZ) (New Zealand). The outlook of these Credit Ratings (ratings) is stable.
The ratings reflect Youi NZ’s strong balance sheet, which is due to the company’s low underwriting leverage, as well as its prudent reinsurance program and conservative investment approach. In addition, actual claims experience during the company’s first three years of operation were largely consistent with the assumptions used in pricing its policies.
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