Financial Strength Rating and Solvency


Solvency Ratio


Pacific International Insurance underwrites the Dotsure Pet Insurance product. We have been helping New Zealanders protect what is important to them for over 20 years. Our local heritage combined with the global backing of Badger International, enables us to deliver trusted, quality insurance products to our clients, with full international endorsement.


Pacific International is regulated by both APRA and the RBNZ. Under the Solvency Standard for Non-life Insurance Business (“the Solvency Standard”) issued by the Reserve Bank of New Zealand (“RBNZ”), to retain a positive solvency margin, meaning that the actual solvency capital position exceeds the minimum required under the Solvency Standard. The solvency information below is required to be disclosed in compliance with the Solvency Standard.


Pacific International uses Tier 1 Capital. As at 31 December 2019 Pacific International’s solvency position was:


Actual Solvency Capital: AUD 15,226,000


Minimum Solvency Capital: AUD 5,867,000
Solvency Margin: AUD 9,359,000
Solvency Ratio: 259.52%


Financial Strength Rating


Pacific International Insurance has a Financial Strength Rating of B++ (Good) from the USA rating agency A.M. Best, with an outlook of: Stable.

The rating is reviewed by A.M. Best on an annual basis, with the rating scale outlined below.

Rating Scale – FSR 


A++ and A+ Superior
A and A- Excellent
B++ and B+ Good


B and B- Fair
C++ and C+ Marginal
C and C- Weak
D Poor
E Under Regulatory Supervision
F In Liquidation
S Suspended