Insurance news

22nd Jan 20, 5:27pm
by admin
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
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
24th Dec 19, 8:02am
We look back on an even bigger, more successful year and reveal our most popular stories
We look back on an even bigger, more successful year and reveal our most popular stories
24th Dec 19, 8:02am
22nd Dec 19, 3:35pm
by Guest
Much larger investment in green-energy research and development is what is actually needed, rather than trivial campaign slogans, and a massive effort needs to start now
Much larger investment in green-energy research and development is what is actually needed, rather than trivial campaign slogans, and a massive effort needs to start now
22nd Dec 19, 3:35pm
[Updated]
17th Dec 19, 12:26pm
SFO files criminal charges related to CBL Insurance, while FMA files civil charges related to its parent, alleging inadequate market disclosures and 'misleading and deceptive' conduct
[Updated]
SFO files criminal charges related to CBL Insurance, while FMA files civil charges related to its parent, alleging inadequate market disclosures and 'misleading and deceptive' conduct
17th Dec 19, 12:26pm
4th Dec 19, 10:14am
by admin
Commerce and Consumer Affairs Minister Kris Faafoi says new rules will include what policyholders must disclose to insurers, making changes to allow people to more easily understand their policy, and addressing unfair contract terms
Commerce and Consumer Affairs Minister Kris Faafoi says new rules will include what policyholders must disclose to insurers, making changes to allow people to more easily understand their policy, and addressing unfair contract terms
4th Dec 19, 10:14am
29th Nov 19, 4:13pm
Council of Financial Regulators says climate change, financial inclusion and consumer engagement, residential property insurance, plus conduct and governance are on its agenda
Council of Financial Regulators says climate change, financial inclusion and consumer engagement, residential property insurance, plus conduct and governance are on its agenda
29th Nov 19, 4:13pm
29th Nov 19, 5:00am
Gareth Vaughan says the RBNZ's latest Financial Stability Report highlights for banks, insurers and non-bank deposit takers that their regulator will be sticking its nose into their business more often and in more ways than in the past.
Gareth Vaughan says the RBNZ's latest Financial Stability Report highlights for banks, insurers and non-bank deposit takers that their regulator will be sticking its nose into their business more often and in more ways than in the past.
29th Nov 19, 5:00am
[Updated]
28th Nov 19, 1:59pm
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
[Updated]
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
21st Nov 19, 1:13pm
A look at the 'broken' system that's seen the RBNZ force Tower to find more capital, as insurers continue to chase EQC for hundreds of millions of dollars 9 years after the Canterbury quakes 
A look at the 'broken' system that's seen the RBNZ force Tower to find more capital, as insurers continue to chase EQC for hundreds of millions of dollars 9 years after the Canterbury quakes 
21st Nov 19, 1:13pm
5th Nov 19, 1:18pm
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'
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
[Updated]
31st Oct 19, 12:24pm
Financial firms and major listed companies to be made to disclose their climate-related financial risks; Govt consults on exactly how this should be done
[Updated]
Financial firms and major listed companies to be made to disclose their climate-related financial risks; Govt consults on exactly how this should be done
31st Oct 19, 12:24pm
[Updated]
30th Oct 19, 12:15pm
Financial Markets Authority spends nearly $3 million on external litigation costs in 2019 - $1 million more than budgeted; CEO says tripling of funding for 2020 signals it's resourced to take action
[Updated]
Financial Markets Authority spends nearly $3 million on external litigation costs in 2019 - $1 million more than budgeted; CEO says tripling of funding for 2020 signals it's resourced to take action
30th Oct 19, 12:15pm
18th Oct 19, 2:41pm
CBL shareholders seek redress for failure of the $747 million company; Harbour Asset Management and Argo Investments to lead class action against former directors
CBL shareholders seek redress for failure of the $747 million company; Harbour Asset Management and Argo Investments to lead class action against former directors
18th Oct 19, 2:41pm
[Updated]
8th Oct 19, 10:52am
Insurance company IAG's plans to open a trial vehicle repair facility in South Auckland creates concerns about potential anti-competitive behaviour
[Updated]
Insurance company IAG's plans to open a trial vehicle repair facility in South Auckland creates concerns about potential anti-competitive behaviour
8th Oct 19, 10:52am
5th Oct 19, 9:15am
The recent arrival of personal finance resource MoneyHub has filled a need for financial education and reliable core information for many readers. We fill in some blanks about who they are and why they are doing this
The recent arrival of personal finance resource MoneyHub has filled a need for financial education and reliable core information for many readers. We fill in some blanks about who they are and why they are doing this
5th Oct 19, 9:15am
30th Sep 19, 8:41am
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
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
[Updated]
25th Sep 19, 12:30pm
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
[Updated]
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
[Updated]
24th Sep 19, 8:52am
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
[Updated]
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
[Updated]
24th Sep 19, 8:52am
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
[Updated]
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
20th Sep 19, 9:19am
Simon Papa & Ken Ng argue that by appealing a judgment against Southern Response, the Government risks undermining the push it and its agencies are making to improve bank and insurer conduct
Simon Papa & Ken Ng argue that by appealing a judgment against Southern Response, the Government risks undermining the push it and its agencies are making to improve bank and insurer conduct
20th Sep 19, 9:19am

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