Like all insurers, Partners Life Limited (Partners Life) is required to meet solvency standards which are determined by the Reserve Bank of New Zealand (RBNZ).
Partners Life continually meets solvency standards through a mixture of shareholder capital and reinsurance quota share arrangements, which not only reinsure a significant percentage of the claims risk but also helps finance new business expenses. This structure enables Partners Life to grow rapidly without being substantially constrained by its capital requirements.
As at 30 September 2016, Partners Life's Actual Solvency Capital was $226.8m, which gave a margin of $87.9m over the RBNZ requirement. This was made up of:
Reinsurance for Partners Life is provided by the SCOR Group. SCOR is the 5th largest reinsurer in the world, and a winner of the industry's "Global Reinsurer of the Year" award in 2013. The Group, which is listed in France, has 39 offices across 5 continents with over 4,000 corporate clients across the globe. It specialises in supporting innovative new businesses and propositions and has previously provided reinsurance support to successful new players in the New Zealand market.
Partners Group has a wide shareholder base, which includes a number of institutions and the majority of its management and staff. We believe having employees as shareholders creates an energy and commitment that may otherwise be difficult to achieve.
As of 23 March 2016, Partners Life financial strength rating was affirmed "Secure” B++ (Good) by A.M. Best, an approved RBNZ rating agency. This means that in A.M. Best’s opinion the company has a good ability to meet its on-going insurance obligations. For the latest rating or further details around the latest rating, please visit
The combination of strong reinsurance, committed shareholders and a secure credit rating, means you can be confident that Partners Life will be there when you need us to be.