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Life Insurance

[updated]
Five life insurers participating in first RBNZ stress test of their sector all able to remain solvent
8th Aug 23, 12:49pm
Five life insurers participating in first RBNZ stress test of their sector all able to remain solvent
How Quashed wants to make insurance easy for New Zealanders. And cheaper.
31st May 23, 4:34pm
18
How Quashed wants to make insurance easy for New Zealanders. And cheaper.
Investment losses push insurers' profit down despite increase in gross earned premiums
30th Mar 23, 7:50am
3
Investment losses push insurers' profit down despite increase in gross earned premiums
Speculation on potential sale of its life insurer Asteron Life comes from 'gossip column' in AFR, Suncorp NZ says
9th Feb 23, 1:07pm
Speculation on potential sale of its life insurer Asteron Life comes from 'gossip column' in AFR, Suncorp NZ says
FMA's Clare Bolingford says the 491 issues reported by banks & life insurers resulting in $152m of customer remediation unlikely to have been reported if the regulator hadn't asked
7th Oct 22, 9:23am
1
FMA's Clare Bolingford says the 491 issues reported by banks & life insurers resulting in $152m of customer remediation unlikely to have been reported if the regulator hadn't asked
[updated]
FMA highlights the reporting of hundreds of conduct & culture issues from life insurers resulting in tens of millions of dollars of customer remediation
21st Sep 22, 3:30pm
14
FMA highlights the reporting of hundreds of conduct & culture issues from life insurers resulting in tens of millions of dollars of customer remediation
FMA's Clare Bolingford on how and why NZ is getting a conduct regime overseeing financial institutions
19th Sep 22, 10:49am
FMA's Clare Bolingford on how and why NZ is getting a conduct regime overseeing financial institutions
The FMA's Clare Bolingford outlines why and how New Zealand is getting a conduct regime overseeing financial institutions, and what it means for customers
18th Sep 22, 6:00am
18
The FMA's Clare Bolingford outlines why and how New Zealand is getting a conduct regime overseeing financial institutions, and what it means for customers
ANZ NZ Chief Financial Officer Stewart Taylor leaving to become CFO of Partners Life
21st Mar 22, 10:18am
ANZ NZ Chief Financial Officer Stewart Taylor leaving to become CFO of Partners Life
Life insurance covers up 92k during 2021 as Covid-19 issues reminder things can go wrong & more employers take out group insurance to stave off the 'great resignation'
5th Mar 22, 9:13am
by Toby Allen
Life insurance covers up 92k during 2021 as Covid-19 issues reminder things can go wrong & more employers take out group insurance to stave off the 'great resignation'
Kiwi Insurance, sister company of Kiwibank, is sold to NIB for $45 million
8th Nov 21, 11:08am
1
Kiwi Insurance, sister company of Kiwibank, is sold to NIB for $45 million
New Zealand life insurers set to continue delivering good return on equity to their shareholders, S&P Global Ratings says
9th Aug 21, 10:15am
2
New Zealand life insurers set to continue delivering good return on equity to their shareholders, S&P Global Ratings says
Financial Markets Authority says life insurer AIA has admitted making false and/or misleading representations to customers and faces a paying a penalty of $700,000
29th Jul 21, 12:11pm
2
Financial Markets Authority says life insurer AIA has admitted making false and/or misleading representations to customers and faces a paying a penalty of $700,000
Fidelity Life buying Westpac Life NZ in $400 million deal with the help of Ngāi Tahu Holdings
6th Jul 21, 10:49am
1
Fidelity Life buying Westpac Life NZ in $400 million deal with the help of Ngāi Tahu Holdings
BNZ's parent National Australia Bank agrees to sell BNZ Life to Partners Life for NZ$290 million
16th Dec 20, 5:18pm
1
BNZ's parent National Australia Bank agrees to sell BNZ Life to Partners Life for NZ$290 million
FMA's inability to have a say in the AMP Life sale prompts a push for a law change requiring it, as the conduct regulator, to be consulted on mergers/acquisitions 
2nd Jul 20, 2:00pm
6
FMA's inability to have a say in the AMP Life sale prompts a push for a law change requiring it, as the conduct regulator, to be consulted on mergers/acquisitions 
Concerns raised over the RBNZ approving the sale of 200,000 AMP Life insurance policies to a Bermuda-based private equity firm
24th Jun 20, 5:00am
23
Concerns raised over the RBNZ approving the sale of 200,000 AMP Life insurance policies to a Bermuda-based private equity firm
RBNZ signs off on sale of AMP Life after the would-be buyer agreed to put in place various measures to protect the 200,000 New Zealand policyholders
23rd Jun 20, 10:11am
2
RBNZ signs off on sale of AMP Life after the would-be buyer agreed to put in place various measures to protect the 200,000 New Zealand policyholders
RBNZ under pressure to protect AMP Life's 200,000 policyholders, as it considers a A$3b proposal from a Bermuda-based firm to buy the policies, and a Bill to regulate insurers' conduct goes through Parliament 
24th Feb 20, 4:49pm
8
RBNZ under pressure to protect AMP Life's 200,000 policyholders, as it considers a A$3b proposal from a Bermuda-based firm to buy the policies, and a Bill to regulate insurers' conduct goes through Parliament 
RBNZ review finds the life insurance industry is inefficient, suffers from high and soft commissions, generates high returns for shareholders, and has low solvency ratios
22nd Jan 20, 5:27pm
by admin
3
RBNZ review finds the life insurance industry is inefficient, suffers from high and soft commissions, generates high returns for shareholders, and has low solvency ratios
Reserve Bank wants insurers' solvency buffers hiked by a yet-to-be-determined amount; Voices concern over 'material' impact low interest rates are having on life insurers in particular
28th Nov 19, 1:59pm
6
Reserve Bank wants insurers' solvency buffers hiked by a yet-to-be-determined amount; Voices concern over 'material' impact low interest rates are having on life insurers in particular
Commerce and Consumer Affairs Minister Kris Faafoi says he doesn't want to call a financial services royal commission but improvements to conduct and culture are needed
30th Sep 19, 8:41am
8
Commerce and Consumer Affairs Minister Kris Faafoi says he doesn't want to call a financial services royal commission but improvements to conduct and culture are needed
Government's proposed conduct licensing regime for financial service providers will make them accountable for sales to consumers by contracted intermediaries & ban target-based sales incentives
25th Sep 19, 12:30pm
24
Government's proposed conduct licensing regime for financial service providers will make them accountable for sales to consumers by contracted intermediaries & ban target-based sales incentives
Commerce & Consumer Affairs Minister Kris Faafoi pledges measures to improve financial services sector conduct shortly as regulators bemoan poor life insurer conduct and culture
17th Sep 19, 10:11am
14
Commerce & Consumer Affairs Minister Kris Faafoi pledges measures to improve financial services sector conduct shortly as regulators bemoan poor life insurer conduct and culture
Financial Markets Authority considering prosecuting life insurers over sales tactics; says 'there will be more remediation, more repayments to consumers'; Commerce and Consumer Affairs Minister warns NZ isn't immune from a royal commission
13th Sep 19, 10:58am
18
Financial Markets Authority considering prosecuting life insurers over sales tactics; says 'there will be more remediation, more repayments to consumers'; Commerce and Consumer Affairs Minister warns NZ isn't immune from a royal commission