TOWER Limited - Company Profile
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TOWER Limited (Tower) is a provider of non-life insurance products in New Zealand and Pacific Islands. The company’s sound solvency position combined operating ratio, digitalization, and investment income are the major strengths of the company, even as its increase in other operating expense remains an area for concern. Growth in the insurance industry, short-term economic outlook in New Zealand, and strategic initiatives will provide ample growth opportunities for the company. However, competition, risk related to online identity theft and hacking, and fluctuations in interest rates could affect the company’s business performance.
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