Asteron Life has been insuring New Zealanders for 143 years, establishing itself as a trusted part of the Kiwi community. While its name has evolved over time, formerly known as Royal and Sun Alliance, its unwavering commitment to core values has remained constant.
With a strong legacy of excellence, Asteron Life has been consistently recognized for its reliable life insurance solutions. Its accolades include winning Life Insurance Company of the Year in 2024, as well as previous awards in 2023, 2021, and 2013. These achievements reflect Asteron Life’s dedication to customer support and innovative services for New Zealand families.
As part of Suncorp New Zealand, Asteron Life transitioned to Resolution Life ownership in 2023, aligning with Suncorp’s strategy to focus on general insurance. This transition ensured continued service for policyholders while marking a significant milestone in the company’s journey. Currently, Resolution Life is set to be acquired by Nippon Life, one of Japan’s leading life insurance providers. This pending sale aims to strengthen Asteron Life’s operations further, reinforcing its role as a trusted name in New Zealand’s life insurance industry.
Asteron Life holds a 10.6% market share as of Q3 2024, specializing in life and income protection insurance. The company serves over 200,000 customers, as reported in October 2024, and focuses on providing top-rated policies to protect families and individuals.
Asteron Life’s products are primarily available through independent financial advisers. These advisers offer personalized advice and tailored solutions, ensuring each policy aligns with the unique needs of the customer. This approach highlights Asteron Life’s commitment to expert guidance and reliable protection.
Financial Strength Rating
The Insurance (Prudential Supervision) Act 2010 requires all licensed insurers to have a current financial strength rating that is given by an approved rating agency.
Asteron Life Limited has been given an A+ (Strong) financial strength rating by Standard & Poor's.