Rating

AKG have awarded Lutine Assurance Services a rating of ‘B' for Overall Financial Strength and 4 Stars for Non Profit business. To download AKG's Company Profile and Financial Strength Reports User Guide please click the link below:

Company Profile and Financial Strength Reports User Guide

Overall Financial Strength Rating

The objective is to provide a simple broad-brush indication of the general financial strength of a company. In addition to an assessment of the company’s ability to meet all of its guaranteed payments to policyholders, AKG also aims to factor in the degree to which policyholders’ expectations are likely to be met – or even exceeded – in the long-term. This involves an assessment of a company’s ability to survive in its current form for the long term. The overall rating inherently reflects the mix of business in-force within the company, since different types of policyholder have different expectations, and the company’s particular strengths and weaknesses in respect of its key product areas.

The rating takes into account those of the following criteria which are relevant (depending upon the company’s mix of business in-force): capital base and free asset position, with profits realistic balance sheet position, structure (and size) of funds within the company, parental strength (and likely attitude towards supporting the company), typical fund performance achievements, and image and strategy.

Non Profit Financial Strength Rating

The objective is to assess the company's ability to meet all guaranteed payments arising from such contracts as term plans, annuities etc.

The main criteria taken into account are: free assets, structure (and size) of funds within the company, parental strength (and likely attitude towards supporting the company), and image and strategy.

As a service company Lutine Assurance Services operates as a life company in all respects except for accepting the risk and managing the assets and liabilities.

Our product range has been meticulously sourced to provide the UK intermediary market with some of the best terms and competitive rates currently available.

We recognise the importance of financial strength when taking out insurance and that's why all of our business partners have been carefully selected to ensure our clients are provided some of the highest levels of security.