general insurance
General insurer Tower lifts reinsurance cover by $55 million, anticipates reinsurance premium expense will come to 9.5% of Gross Written Premium in its 2027 financial year
General insurer Tower lifts reinsurance cover by $55 million, anticipates reinsurance premium expense will come to 9.5% of Gross Written Premium in its 2027 financial year
[updated]
Weak commercial market and 'elevated' natural hazard events drives Suncorp NZ’s annual profit down $103 million to $316 million
Weak commercial market and 'elevated' natural hazard events drives Suncorp NZ’s annual profit down $103 million to $316 million
Quashed data shows price difference between lowest and highest quotes for same type of cover across insurance providers has ‘widened significantly’ with risk-based pricing raised as a likely reason why
Quashed data shows price difference between lowest and highest quotes for same type of cover across insurance providers has ‘widened significantly’ with risk-based pricing raised as a likely reason why
Majority of people say insurers need to be clearer about where they will and won't provide insurance, and about the costs that make up premiums, IAG NZ survey shows
2
Majority of people say insurers need to be clearer about where they will and won't provide insurance, and about the costs that make up premiums, IAG NZ survey shows
Natural hazard risk in New Zealand will likely grow faster than our ability to manage it, the country's largest insurer IAG NZ says, as it calls for a clear, long-term government roadmap
5
Natural hazard risk in New Zealand will likely grow faster than our ability to manage it, the country's largest insurer IAG NZ says, as it calls for a clear, long-term government roadmap
Quashed data shows people over 50 are experiencing the highest increase in insurance premiums, with auto-renewing raised as a likely reason why
1
Quashed data shows people over 50 are experiencing the highest increase in insurance premiums, with auto-renewing raised as a likely reason why
‘Storms a near-weekly occurrence’: IAG NZ chief executive Phil Gibson says, with a 256% annual increase in storm-related insurance claims
6
‘Storms a near-weekly occurrence’: IAG NZ chief executive Phil Gibson says, with a 256% annual increase in storm-related insurance claims
Natural Hazards Commission says RMA reforms not just about improving processes, but also whether NZ's planning framework 'recognises and manages natural hazard risk at its least costly intervention point'
6
Natural Hazards Commission says RMA reforms not just about improving processes, but also whether NZ's planning framework 'recognises and manages natural hazard risk at its least costly intervention point'
‘The consequences of getting that wrong is development that can’t be insured’: New Zealand’s largest general insurer, IAG NZ, says on RMA reforms
3
‘The consequences of getting that wrong is development that can’t be insured’: New Zealand’s largest general insurer, IAG NZ, says on RMA reforms
Global natural disasters continue to cost insurers billions, as New Zealand has a relatively ‘quiet’ 2025 with three events totalling at least $120 million
1
Global natural disasters continue to cost insurers billions, as New Zealand has a relatively ‘quiet’ 2025 with three events totalling at least $120 million
Quashed data shows people who auto-renew insurance pay more than those who switch as government launches probe into insurance affordability
Quashed data shows people who auto-renew insurance pay more than those who switch as government launches probe into insurance affordability
Commerce and Consumer Affairs Minister Scott Simpson says the Government will 'consider necessary initiatives' as premiums continue to grow, raising concerns about insurance affordability and accessibility
8
Commerce and Consumer Affairs Minister Scott Simpson says the Government will 'consider necessary initiatives' as premiums continue to grow, raising concerns about insurance affordability and accessibility
Tower Insurance to pay $7 million penalty after the FMA says it used advertised multi-policy discounts to attract and keep customers but did not have ‘systems that could reliably deliver on the promised discount’
1
Tower Insurance to pay $7 million penalty after the FMA says it used advertised multi-policy discounts to attract and keep customers but did not have ‘systems that could reliably deliver on the promised discount’
Tower launches Rainfall Response Cover in Fiji, expanding the insurer’s parametric cover as it also mulls a parametric offering in NZ
3
Tower launches Rainfall Response Cover in Fiji, expanding the insurer’s parametric cover as it also mulls a parametric offering in NZ
Increases in households' insurance costs at moderate levels in September quarter, Quashed data shows
1
Increases in households' insurance costs at moderate levels in September quarter, Quashed data shows