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risk-based pricing

Government to mull how NZ meets the costs of climate adaptation and invests in resilience, getting advice on flood insurance options
4th Aug 22, 11:35am
25
Government to mull how NZ meets the costs of climate adaptation and invests in resilience, getting advice on flood insurance options
[updated]
Tower CEO Blair Turnbull says reinsurers are questioning their down under exposure, he sees a risk of uninsurable areas in the future
14th Jul 22, 10:37am
26
Tower CEO Blair Turnbull says reinsurers are questioning their down under exposure, he sees a risk of uninsurable areas in the future
Tower customers can expect premium changes, as the insurer uses more detailed modelling to price flood risk
10th Nov 21, 5:00am
15
Tower customers can expect premium changes, as the insurer uses more detailed modelling to price flood risk
General insurers told to be more open-booked with their pricing and to self-review on conduct and culture; RBNZ Governor says it's too early to say whether insurance capital changes will 'lead to the kind of uplift we have proposed for bank capital'
5th Nov 19, 1:18pm
22
General insurers told to be more open-booked with their pricing and to self-review on conduct and culture; RBNZ Governor says it's too early to say whether insurance capital changes will 'lead to the kind of uplift we have proposed for bank capital'
Tower says it has a deal to pay $13 million for the 34,000 policies issued by Youi in this country; Tower to raise $47 million to pay for purchase and to boost its own solvency position
24th Sep 19, 8:52am
18
Tower says it has a deal to pay $13 million for the 34,000 policies issued by Youi in this country; Tower to raise $47 million to pay for purchase and to boost its own solvency position
IAG and Suncorp see premium hikes being more subdued in 2020, with major repricing seen in 2019 contributing to them increasing their profits by 69% and 116% respectively 
20th Aug 19, 7:49am
10
IAG and Suncorp see premium hikes being more subdued in 2020, with major repricing seen in 2019 contributing to them increasing their profits by 69% and 116% respectively 
Would insurers be this risk-adverse had the country's competition watchdog prevented the market from becoming so concentrated? The just-exited ComCom Chairman believes they would
8th Jun 19, 9:31am
5
Would insurers be this risk-adverse had the country's competition watchdog prevented the market from becoming so concentrated? The just-exited ComCom Chairman believes they would
Reserve Bank warns house prices could fall - while property owners, banks and the government could be left exposed - as insurers become more selective over who they insure
30th May 19, 5:00am
19
Reserve Bank warns house prices could fall - while property owners, banks and the government could be left exposed - as insurers become more selective over who they insure
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
22nd May 19, 6:50am
2
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
Insurers warn apartment owners risk being left high and dry in the event of a quake, as anecdotes of cash-strapped body corporates ditching their cover emerge
18th May 19, 9:31am
18
Insurers warn apartment owners risk being left high and dry in the event of a quake, as anecdotes of cash-strapped body corporates ditching their cover emerge
Low-risk home, car and contents policyholders to stop subsidising high-risk customers as IAG ups the ante on risk-based pricing; Company denies move is a money grab
29th Apr 19, 4:03pm
3
Low-risk home, car and contents policyholders to stop subsidising high-risk customers as IAG ups the ante on risk-based pricing; Company denies move is a money grab
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 
12th Mar 19, 2:59pm
22
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
11th Mar 19, 4:05pm
44
IAG pulls back from providing contents insurance to new customers in Wellington in further move to more risk-based pricing
Climate Change Minister James Shaw says insurers are 'acting very responsibly' & working with the Govt on who pays for climate change
1st Feb 19, 7:57am
59
Climate Change Minister James Shaw says insurers are 'acting very responsibly' & working with the Govt on who pays for climate change
Jenée Tibshraeny on why you should spend more time talking to insurers before buying a property
1st Dec 18, 10:16am
39
Jenée Tibshraeny on why you should spend more time talking to insurers before buying a property
Public wrongly lead to believe that 97% of Tower's customers will receive home insurance premium decreases due to new quake risk-based pricing changes, Jenée Tibshraeny says
22nd Jun 18, 3:43pm
7
Public wrongly lead to believe that 97% of Tower's customers will receive home insurance premium decreases due to new quake risk-based pricing changes, Jenée Tibshraeny says