Allianz Worldwide Care assigned A+ Superior rating by A.M. Best
Excellent operating performance and strategic importance contributes to impressive ratings
DUBLIN--(Business Wire / Korea Newswire) December 18, 2015 -- Allianz Worldwide Care S.A. has welcomed today’s designation of a financial strength rating of A+ (Superior) and an issuer credit rating of “aa-” by A.M. Best. The outlook assigned to both ratings is stable. A.M. Best is one of the oldest and most authoritative insurance rating and information sources.
The ratings are based on a number of key deciding factors, including Allianz Worldwide Care’s excellent operating performance, strong risk-adjusted capitalisation and sound risk management framework. A.M. Best’s rating also reflects Allianz Worldwide Care’s strategic importance to its ultimate parent company, Allianz SE.
Ida Luka-Lognoné, CEO, Allianz Worldwide Care commented “We take financial stability and risk management very seriously at Allianz Worldwide Care and we are delighted to see this reflected in the A.M. Best ratings.
“In the past 15 months, Allianz Worldwide Care has expanded and enhanced its product portfolio, offering not only international health insurance but also life and disability insurance and a range of corporate assistance services.
“We hope these ratings will enhance the confidence and trust that brokers and clients already have in Allianz Worldwide Care.”
The positive ratings also highlight A.M. Best’s view that Allianz Worldwide Care is expected to report premium growth of approximately 10% per annum in the medium term. This is supported by growth in new business opportunities, as well as the development of its existing portfolio through an enhanced client offering and digital solutions.
The ratings agency also believes that as the life and health insurance provider of Allianz Worldwide Partners, Allianz Worldwide Care will play an instrumental role in the expansion plans for the wider group.
About Allianz Worldwide Care
Allianz Worldwide Care is the international health and life insurance division of Allianz Worldwide Partners which serves more than 250 million beneficiaries in 34 countries and is part of the Allianz Group. Allianz Worldwide Care provides insurance solutions for health, life and disability to clients and insurance partners on a global scale. Our focus is on earning and maintaining client loyalty by providing a market leading product range, level of service and support. With a client base that includes many of the Fortune Global 500 companies, Allianz Worldwide Care continues to build a reputation for service excellence in international healthcare.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151217005960/en/
Grayling (on behalf of Allianz Worldwide Care)
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