Insurance

Opportunity wants to create a national insurance support framework to identify and manage insurance retreat, have risk assessments for homeowners and a ‘fair’ cost-sharing model as party releases climate policy

Opportunity wants to create a national insurance support framework to identify and manage insurance retreat, have risk assessments for homeowners and a ‘fair’ cost-sharing model as party releases climate policy

Labour promises to make 'excessive' prices illegal, and to set a 'clear legal test'

Labour promises to make 'excessive' prices illegal, and to set a 'clear legal test'

Treasury estimates if financial institutions pass on prudential levy costs to customers, the cost of borrowing would increase by less than one basis point and insurance premiums would jump by less than 0.2% on average

Treasury estimates if financial institutions pass on prudential levy costs to customers, the cost of borrowing would increase by less than one basis point and insurance premiums would jump by less than 0.2% on average

IAG NZ boss Phil Gibson says 'roughly a third' of customers received premium reductions during the June year

IAG NZ boss Phil Gibson says 'roughly a third' of customers received premium reductions during the June year

Reserve Bank to lay out its case for changes to New Zealand’s payments system this month, Assistant Governor Angus McGregor says

Reserve Bank to lay out its case for changes to New Zealand’s payments system this month, Assistant Governor Angus McGregor says

New Zealand’s new flood maps are missing a hidden threat – the water quietly rising from below, Amandine Bosserelle & Leanne K Morgan say

New Zealand’s new flood maps are missing a hidden threat – the water quietly rising from below, Amandine Bosserelle & Leanne K Morgan say

IAG New Zealand's annual insurance profit drops 23%, despite 80,000 new customers and natural disaster-related costs being lower than anticipated

IAG New Zealand's annual insurance profit drops 23%, despite 80,000 new customers and natural disaster-related costs being lower than anticipated

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

Proposed tax for Reserve Bank's prudential regulation could see banks and other deposit takers pay $113 million over 3 years, and insurers pay $81 million

Proposed tax for Reserve Bank's prudential regulation could see banks and other deposit takers pay $113 million over 3 years, and insurers pay $81 million

FMA says car loans, mortgage fraud, product design and transaction accounts are areas of focus over the coming 12 months

FMA says car loans, mortgage fraud, product design and transaction accounts are areas of focus over the coming 12 months

Despite lack of robust insurance data, academic Jonathan Boston says 'we can be pretty confident that affordability has been declining, and that insurance retreat, however small it might be at the moment, is going to increase rapidly'

Despite lack of robust insurance data, academic Jonathan Boston says 'we can be pretty confident that affordability has been declining, and that insurance retreat, however small it might be at the moment, is going to increase rapidly'

New Zealand and Australia need to line up with what’s happening in other markets when it comes to investing in resilience against natural hazard risk - even if that number feels big, insurance expert says

New Zealand and Australia need to line up with what’s happening in other markets when it comes to investing in resilience against natural hazard risk - even if that number feels big, insurance expert says

'You are storing up this cost for future generations': Simplicity chief economist Shamubeel Eaqub says Aotearoa is at a crunch point when it comes to insurance and managing risk

'You are storing up this cost for future generations': Simplicity chief economist Shamubeel Eaqub says Aotearoa is at a crunch point when it comes to insurance and managing risk

Nicola Willis says Insurance Council levy proposal to help with natural hazard risk reduction not necessary if a prudent government is investing in infrastructure

Nicola Willis says Insurance Council levy proposal to help with natural hazard risk reduction not necessary if a prudent government is investing in infrastructure

Insurance Council wants Fire and Emergency Levy replaced by ‘Community Protection Levy’, saying current levy ‘no longer well suited to the risks NZ faces’

Insurance Council wants Fire and Emergency Levy replaced by ‘Community Protection Levy’, saying current levy ‘no longer well suited to the risks NZ faces’