general insurance

IAG NZ self reporting to FMA results in civil court case alleging breaches of the Financial Markets Conduct Act

IAG NZ self reporting to FMA results in civil court case alleging breaches of the Financial Markets Conduct Act

Forsyth Barr analysts estimate Tower will report an underlying half-year net profit of close to $60 million thanks to mild weather, while the insurer’s largest shareholder Bain Capital sells stake for $89 million

Forsyth Barr analysts estimate Tower will report an underlying half-year net profit of close to $60 million thanks to mild weather, while the insurer’s largest shareholder Bain Capital sells stake for $89 million

Global natural disasters cost insurers billions in 2024 but New Zealand stayed relatively unscathed

Global natural disasters cost insurers billions in 2024 but New Zealand stayed relatively unscathed

Insurance premiums rise nationwide with Wellingtonians and Cantabrians paying up for general insurance & Aucklanders for car insurance

Insurance premiums rise nationwide with Wellingtonians and Cantabrians paying up for general insurance & Aucklanders for car insurance

Quashed data shows strong annual insurance premium rises, with differences between major cities and age groups

Quashed data shows strong annual insurance premium rises, with differences between major cities and age groups

General insurer Tower concludes ownership review with no proposed changes on the chopping block and says the RBNZ has cut the insurer’s solvency margin from $15 million to $0

General insurer Tower concludes ownership review with no proposed changes on the chopping block and says the RBNZ has cut the insurer’s solvency margin from $15 million to $0

Tower Insurance readies its next risk-based pricing tool as CEO says he loves being the insurance underdog competing with bigger Aussie-owned rivals

Tower Insurance readies its next risk-based pricing tool as CEO says he loves being the insurance underdog competing with bigger Aussie-owned rivals

Insurance comparison portal Quashed sees 300% increase in signups in first quarter of the year as thousands seek out insurance cost savings

Insurance comparison portal Quashed sees 300% increase in signups in first quarter of the year as thousands seek out insurance cost savings

Investment losses push insurers' profit down despite increase in gross earned premiums

Investment losses push insurers' profit down despite increase in gross earned premiums

FMA review prompts insurers to refund customers they over-charged and remove shonky products from the market; Poor performers unnamed and not prosecuted

FMA review prompts insurers to refund customers they over-charged and remove shonky products from the market; Poor performers unnamed and not prosecuted

RBNZ confirms it'll consider requiring insurers to hold more capital: Macquarie analysts expect life insurers to be hardest hit and warn stricter rules could scare companies off NZ

RBNZ confirms it'll consider requiring insurers to hold more capital: Macquarie analysts expect life insurers to be hardest hit and warn stricter rules could scare companies off NZ

Insurer Tower returns to profit as fewer storms and reduced exposure to risky places see it pay a low $45 in claims for every $100 received in premiums

Insurer Tower returns to profit as fewer storms and reduced exposure to risky places see it pay a low $45 in claims for every $100 received in premiums

A 'principles-based' approach towards regulating conduct and culture may sound flaky but it's the best option, say lawyer, ombudsman and consultant

A 'principles-based' approach towards regulating conduct and culture may sound flaky but it's the best option, say lawyer, ombudsman and consultant

David Hargreaves argues that the Government must take a more realistic approach than currently intended in its initiatives on financial conduct

David Hargreaves argues that the Government must take a more realistic approach than currently intended in its initiatives on financial conduct

Rip-off insurance products could be banned, banks made to get 'conduct' licences, insurers given time limits to settle claims, and bank/insurance managers held personally liable for misconduct under law changes being considered

Rip-off insurance products could be banned, banks made to get 'conduct' licences, insurers given time limits to settle claims, and bank/insurance managers held personally liable for misconduct under law changes being considered

Commerce and Consumer Affairs Minister Kris Faafoi tells insurers to communicate price and policy changes more clearly, but won't force them to ensure insurance remains accessible 

Commerce and Consumer Affairs Minister Kris Faafoi tells insurers to communicate price and policy changes more clearly, but won't force them to ensure insurance remains accessible 

IAG pulls back from providing contents insurance to new customers in Wellington in further move to more risk-based pricing

IAG pulls back from providing contents insurance to new customers in Wellington in further move to more risk-based pricing

A kiwi start-up that lets you buy insurance via Facebook is taking on the Aussie giants that dominate the market. Jenée Tibshraeny examines its offering

A kiwi start-up that lets you buy insurance via Facebook is taking on the Aussie giants that dominate the market. Jenée Tibshraeny examines its offering

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

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

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

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

Government commits to reviewing archaic laws criticised for putting consumers on the back foot when dealing with insurers

Government commits to reviewing archaic laws criticised for putting consumers on the back foot when dealing with insurers

The insurance market may be consolidating, but the RBNZ says it's still attractive to overseas companies. We consider who's showing interest and look at what the new entrants to the market are up to

The insurance market may be consolidating, but the RBNZ says it's still attractive to overseas companies. We consider who's showing interest and look at what the new entrants to the market are up to

Tower CEO sets sights on embattled insurer becoming a 'leading digital challenger brand' that uses better data to assess risk and target premiums

Tower CEO sets sights on embattled insurer becoming a 'leading digital challenger brand' that uses better data to assess risk and target premiums

Tower's share price drops to record low of 64c as it unveils discounted share offer to address 'inherent uncertainty' via a $70m capital raise; Insurer reduces its annual loss to $8m

Tower's share price drops to record low of 64c as it unveils discounted share offer to address 'inherent uncertainty' via a $70m capital raise; Insurer reduces its annual loss to $8m

Trading halt on Tower shares with insurer at 'advanced stage of finalising underwriting for a capital raising'

Trading halt on Tower shares with insurer at 'advanced stage of finalising underwriting for a capital raising'