Our Insurer
On 1 March 2024, nib nz limited became the insurer of the OrbitProtect products. OrbitProtect has been part of the nib Group of companies since the end of 2022.
nib nz limited is a health and travel insurance provider, focussed on offering insurance that’s easy to use and affordable while helping connect people to the right tools and services to improve the health and wellbeing.
nib nz limited has an A (Strong) Financial Strength Rating from S&P Global Ratings Australia Pty Ltd.
Standard & Poor's rating scale
|
Rating |
Description |
|
AAA |
Extremely Strong |
|
AA |
Very Strong |
|
A |
Strong |
|
BBB |
Good |
|
BB |
Marginal |
|
B |
Weak |
|
CCC |
Very Weak |
|
CC |
Extremely Weak |
|
SD or D |
Selective Default or Default |
|
R |
Regulatory Action |
|
NR |
Not Rated |
Ratings from 'AA' to 'CCC' may be modified by the addition of a plus (+) or minus (-) sign to show relative standing within the major rating categories.
For more information, visit www.spglobal.com/ratings/en/about/understanding-ratings.
Before nib nz limited, the OrbitProtect policies were underwritten by NZI (the iag Group) and Zurich Australian Insurance Limited, trading as Zurich New Zealand:
- All insurance policies issued on or before 30 November 2020 were insured with NZI.
- All policies paid on or before 30 November 2020 were also insured with NZI, even if the policy was issued on or after 1 December 2020.
- For all policies issued and paid for after 30 November 2020 and prior to 1 March 2024, the insurer was Zurich.
OrbitProtect will continue to manage claims, cancellations, and adjustments for these policies.