Insurance
UniMed CEO Louise Zacest says health insurers are struggling with ‘surging claims inflation’ as new data from Financial Services Council shows 37% of NZ's population now have health insurance cover
11th Apr 24, 7:36am
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UniMed CEO Louise Zacest says health insurers are struggling with ‘surging claims inflation’ as new data from Financial Services Council shows 37% of NZ's population now have health insurance cover
Could insurers afford a Canterbury-sized earthquake in Wellington? ICNZ’s departing CEO Tim Grafton says it raises ‘some questions’ around reinsurance affordability
5th Apr 24, 7:42am
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Could insurers afford a Canterbury-sized earthquake in Wellington? ICNZ’s departing CEO Tim Grafton says it raises ‘some questions’ around reinsurance affordability
Suncorp offloads life insurance arm Asteron Life for NZ$410 million, sale to see Suncorp NZ focus exclusively on general insurance
4th Apr 24, 11:34am
Suncorp offloads life insurance arm Asteron Life for NZ$410 million, sale to see Suncorp NZ focus exclusively on general insurance
Insurance premiums on the rise for NZ's biggest councils as range of risks put pressure on Auckland Council and Christchurch City Council’s insurance costs
1st Apr 24, 6:00am
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Insurance premiums on the rise for NZ's biggest councils as range of risks put pressure on Auckland Council and Christchurch City Council’s insurance costs
The Financial Markets Authority cautions two Southern Cross entities for neglecting to apply advertised discounts on insurance products, causing almost $600,000 in overcharged premiums
26th Mar 24, 11:44am
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The Financial Markets Authority cautions two Southern Cross entities for neglecting to apply advertised discounts on insurance products, causing almost $600,000 in overcharged premiums
Our car insurance survey closes soon. Can you please help us by taking the survey, if you haven't already. That will give us a good basis to help readers understand a fast-rising household expense
25th Mar 24, 2:02pm
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Our car insurance survey closes soon. Can you please help us by taking the survey, if you haven't already. That will give us a good basis to help readers understand a fast-rising household expense
Christchurch City Council says its insurance premiums are up 20%, or $6.4 million, in the 2024/2025 financial year which is pushing proposed rate hike higher
21st Mar 24, 2:08pm
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Christchurch City Council says its insurance premiums are up 20%, or $6.4 million, in the 2024/2025 financial year which is pushing proposed rate hike higher
IAG New Zealand’s successful appeal overturns Tribunal’s push for expanded insurer responsibilities in home insurance claims, with Bell Gully highlighting the significance of the judgment
20th Mar 24, 5:00am
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IAG New Zealand’s successful appeal overturns Tribunal’s push for expanded insurer responsibilities in home insurance claims, with Bell Gully highlighting the significance of the judgment
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?
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
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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
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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
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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
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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
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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
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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
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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
