News Regulations21 Jun 2018

New Zealand:Insurers' ratings are costly yet unhelpful to customers

21 Jun 2018

Requiring insurers to have financial strength ratings adds cost to the industry but does little to help consumers, industry commentators say. The law requires licensed insurers to have a current rating from an independent ratings agency. It can cost about NZ$100,000 to get a rating, reports the online financial services news site Good Returns.

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