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ASB and IAG

ASB general insurances are underwritten by IAG New Zealand Limited (IAG). So you can trust that we’ll be there for you, when you need us most.

Benefits at a glance

  • IAG has an AA- (“Very Strong”) financial strength rating from Standard & Poor's (Australia) Pty Ltd
  • IAG insurance brands have been looking after New Zealanders for more than 100 years
  • IAG is New Zealand’s leading general insurance provider
  • IAG is the winner of numerous insurance industry awards for excellence in performance

ASB and IAG - working together to cover you

Some of the most trusted and respected insurance brands in Australasia are part of the IAG Group, providing a wide range of insurance products to protect the homes, cars, lifestyles and businesses of millions of customers.

IAG underwrites ASB general insurances, and is a member of the Insurance Council of New Zealand Inc. IAG manages your policy and their expert team will look after any claims you might have. If you think you need additional help, ASB is just a phone call away.

IAG has received a financial strength rating of AA- from Standard & Poor’s (Australia) Pty Ltd, an approved rating agency.

A rating of AA- means IAG has a ‘very strong’ claims-paying ability, as you can see in the scale below.

Rating scale

AAA (Extremely Strong)

AA (Very Strong)

A (Strong)

 

BBB (Good)

BB (Marginal)

B (Weak)

 

CCC (Very Weak)

CC (Extremely Weak)

SD (Selective Default)

 

D (Default)

R (Regulatory Supervision)

NR (Not Rated)

 

The 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. The rating scale above is in summary form. A full description of this rating scale can be obtained from www.standardandpoors.com

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The availability of insurance cover is subject to your application being approved. Terms, conditions and exclusions apply. For full details, refer to the Policy Document which is available from ASB Bank Limited. This insurance is underwritten by IAG New Zealand Ltd. See further information regarding IAG’s financial strength rating. A minimum premium applies for all policies. Even if your policy qualifies for one or more discounts the total of these discounts cannot cause your premium to be less than the required minimum.

ASBASB and IAG