This page lists all the insurers we work with, including their underwriters, the commission JRI receives from each, financial strength ratings, and whether the Overseas Preference Policyholder (OPPC) Clause applies.
This is important in your decision making because it lets you know how financially stable the insurer is which can impact their ability to pay on claims.
Additionally, the OPPC is important because it means that in the event of an insurer's insolvency, overseas policyholders may have priority over New Zealand policyholders (like yourself) when claims are paid.
As well as the financial rating, you can see the commission JRI earns for placing your business with them.
We’ve also included a guide to the financial strength rating scale (after the insurer information) so you can easily understand what your insurer’s rating means.
General Insurer Information:
The insurer information is presented in the following format:
Name, % Commission, % Natural Disaster Commission (if it does not apply it is “-“), Underwriter, Rating, Rater, whether the OPPC Applies.
360 Commercial (SME AIG), 23.25, 7.5, AIG Insurance New Zealand Limited, A, S&P, Yes.
360 Commercial Underwriting Solutions, 23.25 - 23.5, 7.5, Lloyds, AA-, S&P, Yes.
AIG Insurance New Zealand Limited, 20-25, 6.5, N/A, A, S&P, No.
Allianz Partners, trading as AWP Services New Zealand, 20, -, N/A, A-, A. M. Best, Yes.
Ando - Emergence (Cyber), 25, -, The Hollard Insurance Company PTY Ltd., A-, A. M. Best, Yes.
Ando Insurance Group (on behalf of certain Lloyd's Underwriters), 15-25, -, Lloyds, A+, S&P, Yes.
Ando Insurance Group Limited, 15-25, 9, Lloyds, A+, A. M. Best, No.
Ando Insureze Marine, 20, -, The Hollard Insurance Company PTY Ltd., A, S&P, Yes.
Berkshire Hathaway Specialty Insurance, 15-25, -, National Indemnity Group, A++, A. M. Best, Yes.
Chubb Insurance New Zealand Limited, 0-25, 0-5, N/A, A++, S&P, No.
Classic Cover Insurance, 10, -, IAG New Zealand Ltd, AA-, S&P, No.
Club Marine, 15, -, Allianz Australia Insurance Limited, AA-, S&P, Yes.
Delta, 0-20, 0, Lloyds, AA-, Fitch, No.
DUAL New Zealand Limited, 12-25, 7.5, Lloyds, A, A. M. Best, Yes.
Emergence Insurance PTY Ltd, 20, -, Lloyds, A, A. M. Best, Yes.
International Underwriting Agencies Limited, 10-22.5, 7.5, Lloyds, A, A. M. Best, No.
Liberty Specialty Markets, 0, -, Liberty Mutual Insurance, A, A. M. Best, Yes.
NZI/Lumley, business division of IAG NZ Limited, 12.5-25, 7, IAG New Zealand Ltd, AA, S&P, No.
National Motorcycle Insurance, 20, -, Zurich Australian Insurance Limited, A+, S&P, Yes.
Proteus Marine Insurance, 20, -, N/A, AA, S&P, Yes.
NZI, a business division of IAG New Zealand Limited, 12.5-24, -, IAG New Zealand Ltd, AA, S&P, No.
Protecsure Pty Ltd, 20, -, Chubb Insurance Company of Australia, AA-, S&P, Yes.
QBE Insurance (Australia) Limited, 12.5-22.5, -, QBE Insurance (Australia), A+, S&P, Yes.
UAA, 15, -, QBE Insurance (Australia), A+, S&P, Yes.
SPUA, trading as South Pacific Underwriting Agency Limited, 10-15, 7.5, Lloyds, AA-, S&P, Yes.
Star Underwriting Agents, 10, -, Berskshire Hathaway Specialty Insurance, A+, A. M. Best, Yes.
TLC Insurance Limited, 10-17.5, -, Lloyds, A+, S&P, No.
Vero Insurance New Zealand Limited, 14-24, 7.5-9, Vero Insurance New Zealand Limited, AA-, S&P, No.
Vero Liability Insurance Limited, 20-25, -, Vero Insurance New Zealand Limited, AA-, S&P, No.
Vero Marine Insurance, an operating division of Vero Insurance New Zealand Limited, 17.5-20, -, Vero Insurance New Zealand Limited, AA-, S&P, No.
Zurich Australian Insurance Limited, trading as Zurich New Zealand, 12.5-20, -, Zurich Australian Insurance Limited, A+, S&P, Yes.
Life and Health Insurer Information:
The insurer information is presented in the following format:
Name, % initial commission, % renewal commission, Underwriter, Rating, Rater, whether the OPPC Applies.
AIA (Corporate group scheme), up to 20%, up to 20%, AIA New Zealand Limited, A, S&P, No.
AIA (Health), 30–120%, 7.5-20%, underwriter AIA New Zealand Limited, A, S&P, No.
AIA (Life and Disability) 95–220%, 3–20%, AIA New Zealand Limited, A, S&P, No.
Chubb, 75–230%, 7.5–30%, Chubb Life Insurance New Zealand Limited, A, A.M. Best, No.
Fidelity Life, 150–180%, 10%, Fidelity Life Assurance Company Limited, A-, S&P, No.
