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Insurance

Aon New Zealand climate report highlights New Zealand among list of countries with some of the costliest weather-related insurance events on record
18th Mar 24, 1:30pm
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Aon New Zealand climate report highlights New Zealand among list of countries with some of the costliest weather-related insurance events on record
[updated]
Insurance Council says the Fire and Emergency levy ‘attacks’ and loads costs onto insurance as FENZ levy hike looms while DIA says there are ‘no plans’ to move away from the levy
14th Mar 24, 1:25pm
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Insurance Council says the Fire and Emergency levy ‘attacks’ and loads costs onto insurance as FENZ levy hike looms while DIA says there are ‘no plans’ to move away from the levy
The role of chief risk officers in the insurance sector is changing in the face of climate change as risk management and forecasting becomes even more vital for general insurers
12th Mar 24, 10:01am
The role of chief risk officers in the insurance sector is changing in the face of climate change as risk management and forecasting becomes even more vital for general insurers
New Zealand needs reinsurance. Does the reinsurance market need New Zealand?
8th Mar 24, 3:22pm
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New Zealand needs reinsurance. Does the reinsurance market need New Zealand?
Minister of Commerce and Consumer Affairs Andrew Bayly says making New Zealanders wealthier is a key step towards good insurance outcomes
7th Mar 24, 11:18am
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Minister of Commerce and Consumer Affairs Andrew Bayly says making New Zealanders wealthier is a key step towards good insurance outcomes
We're running an insurance survey to start revealing how premium costs are shifting by insurer, a crowd-sourced attempt to bring increased transparency to the insurance sector
1st Mar 24, 12:02pm
18
We're running an insurance survey to start revealing how premium costs are shifting by insurer, a crowd-sourced attempt to bring increased transparency to the insurance sector
Toka Tū Ake EQC’s chief financial officer says $225 million catastrophe bond is ‘complementary’ to traditional reinsurance methods
28th Feb 24, 7:42am
3
Toka Tū Ake EQC’s chief financial officer says $225 million catastrophe bond is ‘complementary’ to traditional reinsurance methods
Suncorp NZ’s CEO says central government needs to lead on climate adaptation because attempts made by private industry will be seen as ‘profit driven’
27th Feb 24, 9:05am
7
Suncorp NZ’s CEO says central government needs to lead on climate adaptation because attempts made by private industry will be seen as ‘profit driven’
Vero owner Suncorp New Zealand reports 20% gross written premium increase to $1.4 billion, CEO Jimmy Higgins is 'hopeful' customers won't see same level of premium increases in 2024
26th Feb 24, 1:13pm
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Vero owner Suncorp New Zealand reports 20% gross written premium increase to $1.4 billion, CEO Jimmy Higgins is 'hopeful' customers won't see same level of premium increases in 2024
Tower CEO Blair Turnbull says the insurer wants to be competitive and affordable with its pricing – as gross written premium jumps 21% in four months
22nd Feb 24, 7:08am
4
Tower CEO Blair Turnbull says the insurer wants to be competitive and affordable with its pricing – as gross written premium jumps 21% in four months
Tower’s CEO says insurer’s gross written premium up 21% in four months, expects full-year profit to be upper end of or exceed guidance of $22m to $27m
21st Feb 24, 11:27am
Tower’s CEO says insurer’s gross written premium up 21% in four months, expects full-year profit to be upper end of or exceed guidance of $22m to $27m
IAG New Zealand's Amanda Whiting says 19% gross written premium growth to more than $2b is ‘pretty significant’ but doesn’t expect growth to continue at same rate
17th Feb 24, 8:45am
20
IAG New Zealand's Amanda Whiting says 19% gross written premium growth to more than $2b is ‘pretty significant’ but doesn’t expect growth to continue at same rate
IAG New Zealand’s gross written premium leaps 18.8% and insurance margin rises to 20.8%
16th Feb 24, 11:15am
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IAG New Zealand’s gross written premium leaps 18.8% and insurance margin rises to 20.8%
Climate disasters haven’t shrunk Munich Re’s risk appetite but the reinsurance giant says industry level change is needed to combat growing number of climate crisis events
9th Feb 24, 9:00am
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Climate disasters haven’t shrunk Munich Re’s risk appetite but the reinsurance giant says industry level change is needed to combat growing number of climate crisis events
The Earthquake Commission knew David Seymour was the new Minister responsible for EQC and Southern Response but Seymour's office thought it was someone else
2nd Feb 24, 3:54pm
13
The Earthquake Commission knew David Seymour was the new Minister responsible for EQC and Southern Response but Seymour's office thought it was someone else
NZIER says barriers to climate adaptation investment need to be addressed while resilience investment needs to be incentivised
30th Jan 24, 1:31pm
4
NZIER says barriers to climate adaptation investment need to be addressed while resilience investment needs to be incentivised
Simon Watts says the Government is ‘moving at pace’ to get adaption framework underway as insurers reflect on last year’s North Island flooding disasters
27th Jan 24, 9:35am
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Simon Watts says the Government is ‘moving at pace’ to get adaption framework underway as insurers reflect on last year’s North Island flooding disasters
Insurance Council says about three quarters of the $3.6 billion of claims for the massive weather events earlier this year have now been paid
12th Dec 23, 9:35am
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Insurance Council says about three quarters of the $3.6 billion of claims for the massive weather events earlier this year have now been paid
Tower hires Goldman Sachs as it kicks off review of its ownership structure
4th Dec 23, 9:58am
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Tower hires Goldman Sachs as it kicks off review of its ownership structure
Insurer Tower says it faced significant challenges this financial year, but its underlying result 'demonstrates resilience and strategic delivery' that positions the company well for long-term sustainable growth and performance
23rd Nov 23, 11:00am
5
Insurer Tower says it faced significant challenges this financial year, but its underlying result 'demonstrates resilience and strategic delivery' that positions the company well for long-term sustainable growth and performance
IAG says it has paid out more than $1 billion in insurance claims for the North Island floods & Cyclone Gabrielle
20th Nov 23, 10:49am
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IAG says it has paid out more than $1 billion in insurance claims for the North Island floods & Cyclone Gabrielle
[updated]
Insurer Vero cops $3.9 million fine for not applying multi-policy discounts to customers
12th Oct 23, 11:10am
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Insurer Vero cops $3.9 million fine for not applying multi-policy discounts to customers
Prudential arrangements for insurance companies likely to involve more reserves set aside to meet RBNZ rules
28th Sep 23, 10:08am
Prudential arrangements for insurance companies likely to involve more reserves set aside to meet RBNZ rules
IAG encourages customers whose properties were hardest hit by extreme weather earlier this year 'to reside elsewhere'
20th Sep 23, 7:36pm
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IAG encourages customers whose properties were hardest hit by extreme weather earlier this year 'to reside elsewhere'
[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