Fedhealth maintains AA- GCR rating for a 7th consecutive year

Global Credit Rating, an independent international ratings company, has maintained Fedhealth's AA-rating.

The rating is awarded not only for financial performance, but is also based on administration, product range and corporate governance with the focus on claims paying ability. "Providing cover to over 148 000 beneficiaries as of December, 2012, our support is derived from relatively well contained delivery costs and an average claims ratio below the industry says Peter Jordan, Fedhealth Principal Officer. "On the back of this, key solvency metrics have trended persistently upwards over the corresponding period, to close at robust levels for the period under review," he says.

By receiving the second highest possible rating in the industry for the seventh year, we believe Fedhealth is once again giving its members the confidence that they are indeed with a healthy, well-managed scheme that will continue to pay their claims promptly and efficiently," concludes Jordan.