Life Insurance

5 Dec 18, 9:35am
First Credit Union's First Insurance to offer insurance via other NZ credit unions after Co-op Money sells its insurance operations
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29 Nov 18, 12:00pm
A 325% debt-to-disposable income ratio, household debt growing at a more sustainable rate, horticulture lending being monitored, eye watering life insurance commissions & more from the RBNZ's FSR
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28 Nov 18, 4:55pm
RBNZ flags astronomical life insurance commissions as it indicates its conduct and culture review on the industry will be more scathing than the one it did on banks; However the sharpness of regulators' teeth remain in question
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22 Nov 18, 2:49pm
Cigna follows Kiwi Wealth and Nikko Asset Management in getting FMA clearance to provide digital personalised advice
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25 Oct 18, 11:10am
AMP agrees to sell NZ and Aust life insurance businesses for A$3.3 billion; Plans to float its NZ wealth management (including KiwiSaver) and advice business on the share market
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21 Sep 18, 5:00am
Banking Ombudsman Scheme working on sector-wide complaints data system as it mulls increasing the limit on customer claims to $350,000
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5 Sep 18, 5:02pm
Life insurers, fund managers and other financial service providers could be fined up to $100,000 for breaching industry body's new Code of Conduct
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30 Aug 18, 3:22pm
S&P downgrades AMP Life's credit rating by a notch 'as a result of fallout from the Royal Commission revelations'; NZ managing director says impact on NZ is immaterial
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9 Aug 18, 5:00am
Life insurer accused of mis-selling to Aboriginal people sidesteps questions about its rapid growth in New Zealand 
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19 Jul 18, 7:29am
Which 3 life insurance providers is the FMA considering taking regulatory action against? Westpac and AMP rule themselves out; 2 providers stay silent 
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18 Jul 18, 1:09pm
Churn concerns prompt FMA to consider regulatory action against three large financial institutions that sell life insurance
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4 Jul 18, 1:29pm
Lawyer welcomes insurance contracts law review, citing policies that give insurers discretion to over-ride a medical opinion to avoid paying a claim
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11 Jun 18, 5:10pm
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
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1 Jun 18, 10:00am
Experts divided over whether policyholders will emerge from banks' 'life insurance business ditch' better off
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30 May 18, 11:53am
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
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24 May 18, 12:46pm
FMA and RBNZ give life insurance companies until June 22 to prove they aren't mimicking the misconduct of some of their Australian parents
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22 May 18, 11:39am
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
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17 May 18, 10:59am
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
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16 May 18, 3:00pm
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
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3 May 18, 9:36am
ANZ NZ understands why the OIO blocked its planned sale of UDC, CEO David Hisco says, and still aims to sell the finance company but isn't in a hurry
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