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Top Ratings Reveal Strength of New Ansvar
April 22nd, 2013
MEDIA RELEASE

A.M Best Asia-Pacific Limited this month awarded Ansvar Insurance, Australia’s leading insurance provider for the Community, Care, Education, Faith and Heritage segments, with a financial strength rating of A- (Excellent) and issuer credit rating of a-.  The insurance rating agency recognises the outlook for both ratings is stable.

“We have been faced with a number of challenges over the past few years and the ratings reflect the measures we have taken to de-risk our balance sheets, reduce the costs of our reinsurance programs and support our risk-adjusted capitalisation,” said Andrew Moon, CEO, Ansvar.

Ansvar Australia has recently overhauled the business, moving towards a broker-only model, and this process of being a wholly intermediated insurer is almost complete.

“Given the redirection of Ansvar, the ratings come as timely confirmation that we are on the right track in terms of continually improving our services. It also shows the refinement of our portfolio which has taken place over the past 12 – 18 months has been a success,” said Andrew.

“Brokers have been very supportive of the direction we’re headed in.  As a smaller insurer, we are able to be agile and provide exemplary service in a way that larger competitors cannot easily replicate,” said Andrew.

Facebook Feed

Ansvar Insurance

1 day 13 hours ago

We'll be attending this year's Aon Conference as Silver Sponsors, which is taking place Tuesday to Friday. We've got some really exciting services & products to discuss and a $500 charity donation as a competition giveaway #gameonaon #ansvar .Our details are on the Aon app to connect with our delegates

Ansvar Insurance

2 days 17 hours ago

In 2 WEEKS time we'll be announcing this year's Community Education Program grant recipients and we CANNOT wait to tell them the exciting news!! Last year we awarded over $250,000 to nine worthy Australian non-for-profit organisations and it was amazing to hear the brilliant work they were able to do because of the grant money they received from us. Read about our previous recipients @ www.ansvar.com.au/community-education-program

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