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Insurance

Independent review finds the RBNZ had concerns about CBL Insurance's solvency from the time it was licensed, but never intervened with any real force; Says the regulator should've deterred the company's parent from floating on the stock exchange
3rd Jul 19, 1:10pm
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Independent review finds the RBNZ had concerns about CBL Insurance's solvency from the time it was licensed, but never intervened with any real force; Says the regulator should've deterred the company's parent from floating on the stock exchange
RBNZ confirms it'll consider requiring insurers to hold more capital: Macquarie analysts expect life insurers to be hardest hit and warn stricter rules could scare companies off NZ
10th Jun 19, 12:57pm
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RBNZ confirms it'll consider requiring insurers to hold more capital: Macquarie analysts expect life insurers to be hardest hit and warn stricter rules could scare companies off NZ
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
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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
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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
Global insurer Allianz to stop writing commercial property, motor and liability insurance in NZ; Insurance Council characterises retreat as 'sufficiently large to be disappointing'
28th May 19, 4:51pm
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Global insurer Allianz to stop writing commercial property, motor and liability insurance in NZ; Insurance Council characterises retreat as 'sufficiently large to be disappointing'
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
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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
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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
Embattled insurer, CBL Corporation, put in liquidation; Brendon Gibson and Neale Jackson of KordaMentha appointed liquidators
13th May 19, 11:21am
Embattled insurer, CBL Corporation, put in liquidation; Brendon Gibson and Neale Jackson of KordaMentha appointed liquidators
Insurers face 'radical' changes in law changes to update disclosure and contract terms provisions, as well as comprehensibility and comparability of insurance policies
8th May 19, 1:16pm
by Guest
Insurers face 'radical' changes in law changes to update disclosure and contract terms provisions, as well as comprehensibility and comparability of insurance policies
A 'principles-based' approach towards regulating conduct and culture may sound flaky but it's the best option, say lawyer, ombudsman and consultant
6th May 19, 4:44pm
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A 'principles-based' approach towards regulating conduct and culture may sound flaky but it's the best option, say lawyer, ombudsman and consultant
Is parametric insurance a potential growth market in the face of climate change?
2nd May 19, 9:01am
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Is parametric insurance a potential growth market in the face of climate change?
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
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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
Rip-off insurance products could be banned, banks made to get 'conduct' licences, insurers given time limits to settle claims, and bank/insurance managers held personally liable for misconduct under law changes being considered
27th Apr 19, 10:30am
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Rip-off insurance products could be banned, banks made to get 'conduct' licences, insurers given time limits to settle claims, and bank/insurance managers held personally liable for misconduct under law changes being considered
Government considers capping councils' liability for covering costs of shonky building work; MBIE hesitant, builders supportive, insurers want risks mitigated
26th Apr 19, 1:24pm
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Government considers capping councils' liability for covering costs of shonky building work; MBIE hesitant, builders supportive, insurers want risks mitigated
The cost of building industry guarantees and insurance could hit homeowners in the pocket, according to the Insurance Council of New Zealand
25th Apr 19, 8:00am
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The cost of building industry guarantees and insurance could hit homeowners in the pocket, according to the Insurance Council of New Zealand
New Zealand Certified Builders says the Government should take a harder line on building industry over guarantee and insurance
24th Apr 19, 5:00am
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New Zealand Certified Builders says the Government should take a harder line on building industry over guarantee and insurance
A shift to clean energy is now feasible owing to the plummeting costs of solar and wind power, and breakthroughs in energy storage. The total system costs of renewable energy now rival fossil fuels
22nd Apr 19, 10:02am
by Guest
34
A shift to clean energy is now feasible owing to the plummeting costs of solar and wind power, and breakthroughs in energy storage. The total system costs of renewable energy now rival fossil fuels
BNZ dismisses Australian media report it's negotiating a sale of its life insurance business to Partners Life, which is staying quiet
9th Apr 19, 7:51am
BNZ dismisses Australian media report it's negotiating a sale of its life insurance business to Partners Life, which is staying quiet
Drought, disease and more extreme weather all predicted in Auckland Council climate change report
23rd Mar 19, 9:50am
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Drought, disease and more extreme weather all predicted in Auckland Council climate change report
Insurers happy as Government considers different ways of funding Fire and Emergency NZ that don't involve a levy being added to insurance premiums
15th Mar 19, 2:31pm
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Insurers happy as Government considers different ways of funding Fire and Emergency NZ that don't involve a levy being added to insurance premiums
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
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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
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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
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Climate Change Minister James Shaw says insurers are 'acting very responsibly' & working with the Govt on who pays for climate change
Proposed Government crack-down on insurance sales incentives re-sparks discussion over how to provide free or affordable financial advice that isn't compromised 
30th Jan 19, 2:41pm
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Proposed Government crack-down on insurance sales incentives re-sparks discussion over how to provide free or affordable financial advice that isn't compromised 
The FMA & RBNZ detail remediation & poor conduct examples found in their review of life insurers' conduct and culture
29th Jan 19, 1:05pm
by admin
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The FMA & RBNZ detail remediation & poor conduct examples found in their review of life insurers' conduct and culture