About Cover-More New Zealand Travel Insurance
Every year, more than 1 million people choose Cover-More travel insurance.
For more than 25 years, Cover-More has been providing travellers in New Zealand, Australia and the UK with high-quality travel insurance cover and round-the clock customer service.
Although we manage millions of policies and thousands of claims each year, we treat each customer with the individual care they deserve. With more than 200 travel insurance and emergency specialists in our employ, we are able to meet our customer's needs quickly, thoroughly, and effectively–anywhere, anytime.
These travellers are all protected by 24 hour emergency assistance provided by our sister company, Customer Care.
Our policies are underwritten by Great Lakes UK, a wholly owned subsidiary of the Munich Re Group.
The Munich Re Group operates worldwide with:
- a premium income of around $68 billion
- investments of around $340 billion
- 33 million clients in 25 countries
Financial Strength Rating
Great Lakes Reinsurance (UK) PLC, a wholly owned subsidiary of the Munich Re Group, is the insurer. An insurance companies financial strength can be defined as the company's claims paying ability, that is, its ability to meet its obligations towards customers. Munich Re has been award robust ratings by the leading rating organisations. Because Great Lakes is a wholly owned subsidiary of Munich Re Group, it enjoys the same rating.
As at 30th November 2012, Great Lakes enjoys the AM Best Company's financial strength rating of A+ (Superior). This rating is lodged with the Registrar of Companies and is reviewed annually.
To find out more, a detailed pamphlet is available from the Ministry of Economic Development - Insurance and Superannuation unit, entitled 'A Guide to the Insurance Companies (Rating & Inspections) Act 1994'. To view the guide go to business.govt.nz.