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Insurance

Insurance industry says a policyholder guarantee scheme should be unnecessary if other regulatory settings are correct and say a scheme would risk 'moral hazard'
24th May 22, 10:32am
2
Insurance industry says a policyholder guarantee scheme should be unnecessary if other regulatory settings are correct and say a scheme would risk 'moral hazard'
Collision Repair Association says the scale of dominant insurer IAG NZ threatens its members' ongoing viability
22nd Apr 22, 11:11am
22
Collision Repair Association says the scale of dominant insurer IAG NZ threatens its members' ongoing viability
75% of New Zealanders still feel overseas travel is dangerous but most are willing to take the plunge anyway, Tower survey suggests
17th Mar 22, 11:30am
by Toby Allen
12
75% of New Zealanders still feel overseas travel is dangerous but most are willing to take the plunge anyway, Tower survey suggests
RBNZ eyes broader range of enforcement options & penalties for insurance supervision, and updating resolution options
11th Mar 22, 10:42am
RBNZ eyes broader range of enforcement options & penalties for insurance supervision, and updating resolution options
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'
More movement across borders from the end of the month also means potential for more Covid-inflicted travel showstoppers
23rd Feb 22, 2:03pm
by Toby Allen
2
More movement across borders from the end of the month also means potential for more Covid-inflicted travel showstoppers
Imported carbon makes up the lion's share of New Zealand's carbon footprint, with households driving most of it
15th Jan 22, 9:29am
by Toby Allen
51
Imported carbon makes up the lion's share of New Zealand's carbon footprint, with households driving most of it
Tower customers can expect premium changes, as the insurer uses more detailed modelling to price flood risk
10th Nov 21, 5:00am
by Jenée Tibshraeny
15
Tower customers can expect premium changes, as the insurer uses more detailed modelling to price flood risk
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
The RBNZ says its first stress testing of general insurers shows how important the international reinsurance market is to New Zealand
28th Oct 21, 8:06am
2
The RBNZ says its first stress testing of general insurers shows how important the international reinsurance market is to New Zealand
A closer look at the Government's decision to transfer risk from private insurers to the state natural disaster insurer, EQC
3rd Oct 21, 6:00am
by Jenée Tibshraeny
21
A closer look at the Government's decision to transfer risk from private insurers to the state natural disaster insurer, EQC
Homeowners to receive twice as much cover from EQC in the event of a natural disaster, as the Government transfers a whole lot of risk from private insurers to the state
30th Sep 21, 5:00pm
by Jenée Tibshraeny
26
Homeowners to receive twice as much cover from EQC in the event of a natural disaster, as the Government transfers a whole lot of risk from private insurers to the state
Diana Clement updates how the extended pandemic is pushing evolving law for business interruption, travel, and employment situations. And what policy makers are doing to keep up
2nd Sep 21, 4:09pm
Diana Clement updates how the extended pandemic is pushing evolving law for business interruption, travel, and employment situations. And what policy makers are doing to keep up
The sudden mid-trial collapse of the $220 million James Hardie leaky-building class action exposed some hard realities of these types of legal actions. The Law Commission is considering whether regulation has a role
1st Sep 21, 10:27am
by Guest
The sudden mid-trial collapse of the $220 million James Hardie leaky-building class action exposed some hard realities of these types of legal actions. The Law Commission is considering whether regulation has a role
RBNZ seeks feedback on introducing an insurance policyholder guarantee scheme to pay out claims in the event of an insurer failing
31st Aug 21, 11:33am
by Jenée Tibshraeny
RBNZ seeks feedback on introducing an insurance policyholder guarantee scheme to pay out claims in the event of an insurer failing
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
Reserve Bank's Adrian Allott says insurance solvency standards review not starting from same place as bank capital review which saw a 'terribly undercapitalised' industry
6th Aug 21, 9:31am
Reserve Bank's Adrian Allott says insurance solvency standards review not starting from same place as bank capital review which saw a 'terribly undercapitalised' industry
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
FMA review prompts insurers to refund customers they over-charged and remove shonky products from the market; Poor performers unnamed and not prosecuted
22nd Jul 21, 5:00am
by Jenée Tibshraeny
30
FMA review prompts insurers to refund customers they over-charged and remove shonky products from the market; Poor performers unnamed and not prosecuted
Tower upbeat despite fall in half-year profit and reduced annual profit guidance
26th May 21, 9:40am
Tower upbeat despite fall in half-year profit and reduced annual profit guidance
Morgan Stanley report shines a light on IAG and Suncorp's dominance of New Zealand's general insurance market
24th May 21, 4:41pm
Morgan Stanley report shines a light on IAG and Suncorp's dominance of New Zealand's general insurance market
Insurance Council warns owners of units in complexes without body corps could struggle to get cover or face uphill battles when making claims
27th Jan 21, 3:33pm
by Jenée Tibshraeny
13
Insurance Council warns owners of units in complexes without body corps could struggle to get cover or face uphill battles when making claims
Does opening a ‘back door’ to encrypted communications create a whole new raft of problems? How can firms promise privacy if there is official access? And an unauthorised breach at some point then becomes possible
3rd Dec 20, 4:31pm
7
Does opening a ‘back door’ to encrypted communications create a whole new raft of problems? How can firms promise privacy if there is official access? And an unauthorised breach at some point then becomes possible
New research identifies thousands of coastal properties in the 1-in-100-year flood zone that have another 15 years before facing serious insurance issues
2nd Dec 20, 7:39am
by Jenée Tibshraeny
67
New research identifies thousands of coastal properties in the 1-in-100-year flood zone that have another 15 years before facing serious insurance issues
Both IAG and Tower have followed Suncorp in reaching the end of long-running disputes with the Earthquake Commission (EQC) relating to the apportioning of costs between the state and private insurers relating to the Canterbury earthquakes
24th Nov 20, 3:21pm
2
Both IAG and Tower have followed Suncorp in reaching the end of long-running disputes with the Earthquake Commission (EQC) relating to the apportioning of costs between the state and private insurers relating to the Canterbury earthquakes