Royal London 360° has retained its B+ AKG rating by AKG Actuaries and Consultants. The ratings aim to highlight both the financial and relative strength of long-term insurers.
Used by industry advisers and analysts, the ratings measure factors such as service ability, assets, liabilities, new business data, market share and product range.
This latest rating for Royal London 360° resulted in a score of four out of a possible five stars for its Unit Linked financial strength, and in the Support Ratings category for its Image and Strategy and Annual Review. The report concludes, “Overall, the Royal London 360° operation appears well positioned in terms of its own capital position and strategic direction and ... with requisite commitment and visibility. It is operating profitably, it is well capitalised and now firmly established as Royal London’s sole offshore life company.”
Commenting on the news of the rating, Royal London 360°’s Director of Marketing, Natalie Hall, said, “Retaining our B+ AKG financial strength rating is testament to the hard work and dedication of our staff, and the considerable investment we have made over the last year in our back office infrastructure. I am delighted to see that this is being recognised within the industry. We strive to provide a superior level of personal service to our clients and they should be reassured by our B+ rating.”
Royal London 360° operates through a number of brands including Scottish Life, Scottish Provident, RLAM, Ascentric/IFDL and MoneyVista.
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