AKG Rating Portal - Offshore Guide

For the Offshore Sector

A number of data items are shown within the AKG Rating Portal for each company. These help provide some background context, alongside the rating(s) which are displayed.

For more detailed output from AKG's assessment, an AKG Financial Strength Assessment Report may be available.

The data items shown in the AKG Rating Portal, which will vary in their inclusion by sector and in some cases may also vary within sectors according to entity type, are as follows:

Corporate Data



The brand is the name that the organisation uses to identify itself generally. It is not in itself rated, and a number of differently rated companies could share use of a brand.


This is the 'corporate entity' that is rated. It may or may not share a similar name to the brand which it operates under.

Open/Closed to New Business

This indicates whether the company is actively marketing 'products' to new customers. Companies that are closed and are in effect just focusing on managing previously gathered business after displaying different characteristics from those that are actively seeking new sales flows. Companies that only write increments on existing policies and/or vesting annuity and/or only accept new members on existing pension schemes are treated as 'closed' for this purpose.


The ultimate owner of the company (or the majority owner if there is more than one owner). For UK registered companies, this information is disclosed in the company's statutory accounts. For overseas owners, the country of domicile is also shown. Shows 'Mutual' for a mutual company or for a friendly society.

Company Established

The year that the current corporate entity started operating, which is usually the year of incorporation.

Financial Data (for EU Insurers)


Total Assets

The company's total assets, valued on a Solvency II basis.

Own Funds

The company's total eligible own funds to meet the Solvency II Solvency Capital Requirement (SCR).

SCR Coverage Ratio

The company's total eligible own funds to meet the Solvency II Solvency Capital Requirement (SCR), expressed as a percentage of the SCR.

Financial Data (for a non-insurance firm)


Net Assets

The company's net assets, according to its Statement of Financial Position.

Capital Resources Requirement Coverage Ratio

The total amount of assets available to meet the company's long-term business solvency requirements, expressed as a percentage of the Capital Resources Requirement.

Assets under Administration

The company's total assets under administration.