Insurance
Churn concerns prompt FMA to consider regulatory action against three large financial institutions that sell life insurance
18th Jul 18, 1:09pm
8
Churn concerns prompt FMA to consider regulatory action against three large financial institutions that sell life insurance
CPI data shows kiwis' grumbles over hefty insurance premium hikes are justified
17th Jul 18, 3:43pm
3
CPI data shows kiwis' grumbles over hefty insurance premium hikes are justified
FMA flags concerns over the disclosures CBL made when it listed on the NZX and around the time it was being probed by the Reserve Bank; CBL's chair and two other directors resign
13th Jul 18, 1:57pm
1
FMA flags concerns over the disclosures CBL made when it listed on the NZX and around the time it was being probed by the Reserve Bank; CBL's chair and two other directors resign
CBL's former CFO and existing director of international business form butchery company - 'Well Hung' - while CBL shareholders fear they'll be hung out to dry
10th Jul 18, 2:49pm
6
CBL's former CFO and existing director of international business form butchery company - 'Well Hung' - while CBL shareholders fear they'll be hung out to dry
IAG the first big player in the finance sector to get rid of staff sales targets; Move comes in the wake of law changes in NZ and a royal commission inquiry in Australia
29th Jun 18, 11:42am
3
IAG the first big player in the finance sector to get rid of staff sales targets; Move comes in the wake of law changes in NZ and a royal commission inquiry in Australia
Vero stops offering excess-free windscreen replacement cover in bid to counter soaring motor claims costs
20th Jun 18, 2:20pm
9
Vero stops offering excess-free windscreen replacement cover in bid to counter soaring motor claims costs
Buying insurance via Facebook Messenger a step closer to becoming a reality as Lloyd's of London agrees to underwrite Auckland insurance start-up, Cove
11th Jun 18, 5:10pm
8
Buying insurance via Facebook Messenger a step closer to becoming a reality as Lloyd's of London agrees to underwrite Auckland insurance start-up, Cove
CBL Insurance's liquidation hearing deferred until July 30, as RBNZ considers 'additional options' proposed by those opposed to a liquidation
6th Jun 18, 6:30pm
CBL Insurance's liquidation hearing deferred until July 30, as RBNZ considers 'additional options' proposed by those opposed to a liquidation
Report reveals EQC's data is in such a state, even the Independent Ministerial Advisor can't get reliable information on the status of unresolved Canterbury quake claims
6th Jun 18, 4:16pm
12
Report reveals EQC's data is in such a state, even the Independent Ministerial Advisor can't get reliable information on the status of unresolved Canterbury quake claims
Rebecca Sellers urges New Zealand consumers & businesses to have their say in the Government's long awaited review of insurance contract law
5th Jun 18, 11:41am
Rebecca Sellers urges New Zealand consumers & businesses to have their say in the Government's long awaited review of insurance contract law
Reserve Bank's application to liquidate CBL Insurance not to be heard in court on Tuesday as planned; Lawyer can't comment
5th Jun 18, 10:31am
Reserve Bank's application to liquidate CBL Insurance not to be heard in court on Tuesday as planned; Lawyer can't comment
Experts divided over whether policyholders will emerge from banks' 'life insurance business ditch' better off
1st Jun 18, 10:00am
2
Experts divided over whether policyholders will emerge from banks' 'life insurance business ditch' better off
If the Government decides there needs to be more meth residue in a property for it to be considered contaminated, insurers won't have to cover the remediation costs of as many properties as they do now
31st May 18, 1:38pm
2
If the Government decides there needs to be more meth residue in a property for it to be considered contaminated, insurers won't have to cover the remediation costs of as many properties as they do now
NZ life insurance market consolidates as ANZ agrees to sell OnePath Life to Cigna for $700 million; Sale to see Cigna become NZ's third largest life insurer
30th May 18, 11:53am
7
NZ life insurance market consolidates as ANZ agrees to sell OnePath Life to Cigna for $700 million; Sale to see Cigna become NZ's third largest life insurer
Tower widens half-year loss off the back of storms and disappointing settlement with reinsurer; Risk-based pricing gets underway
29th May 18, 12:56pm
1
Tower widens half-year loss off the back of storms and disappointing settlement with reinsurer; Risk-based pricing gets underway
Insurers renew their calls for immediate action on climate change adaptation as the cost of more frequent extreme weather events stack up
25th May 18, 2:59pm
5
Insurers renew their calls for immediate action on climate change adaptation as the cost of more frequent extreme weather events stack up
FMA and RBNZ give life insurance companies until June 22 to prove they aren't mimicking the misconduct of some of their Australian parents
24th May 18, 12:46pm
3
FMA and RBNZ give life insurance companies until June 22 to prove they aren't mimicking the misconduct of some of their Australian parents
Commerce and Consumer Affairs Minister Kris Faafoi seeks feedback on insurance law revamp that aims to regulate insurers' conduct and better protect consumers who risk having their claims declined due to non-disclosure
22nd May 18, 11:39am
15
Commerce and Consumer Affairs Minister Kris Faafoi seeks feedback on insurance law revamp that aims to regulate insurers' conduct and better protect consumers who risk having their claims declined due to non-disclosure
FMA believes companies should keep updating the market even if they're in voluntary administration; Says its dealings with CBL have prompted it to ask the court for clarity on the matter
18th May 18, 7:20am
FMA believes companies should keep updating the market even if they're in voluntary administration; Says its dealings with CBL have prompted it to ask the court for clarity on the matter
Insurers back Government's move to spend $8 million on tribunal to help settle the thousands of outstanding Canterbury earthquake claims
18th May 18, 7:12am
1
Insurers back Government's move to spend $8 million on tribunal to help settle the thousands of outstanding Canterbury earthquake claims
Commerce and Consumer Affairs Minister Kris Faafoi disappointed life and health insurers spent $34m on soft commissions in two years, but won't commit to banning them
17th May 18, 10:59am
16
Commerce and Consumer Affairs Minister Kris Faafoi disappointed life and health insurers spent $34m on soft commissions in two years, but won't commit to banning them
Life and health insurers spend 9% of their sales revenue on soft commissions for the advisers who sell their products; FMA warns of conflicts of interest
16th May 18, 3:00pm
23
Life and health insurers spend 9% of their sales revenue on soft commissions for the advisers who sell their products; FMA warns of conflicts of interest
The New Zealand Shareholders' Association calls for CBL Corporation to be liquidated and the FMA to exercise its powers to act on behalf of investors
10th May 18, 4:02pm
The New Zealand Shareholders' Association calls for CBL Corporation to be liquidated and the FMA to exercise its powers to act on behalf of investors
ANZ and IBM release proof of concept for blockchain product aimed at reducing the to-ing and fro-ing between insurers and brokers; Suncorp involved in testing technology
30th Apr 18, 9:33am
2
ANZ and IBM release proof of concept for blockchain product aimed at reducing the to-ing and fro-ing between insurers and brokers; Suncorp involved in testing technology
Two of CBL Insurance's six directors claim the company in interim liquidation is solvent; issue to be addressed in court when RBNZ's liquidation claim is heard in June
27th Apr 18, 1:50pm
1
Two of CBL Insurance's six directors claim the company in interim liquidation is solvent; issue to be addressed in court when RBNZ's liquidation claim is heard in June
