Insurance
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
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The FMA & RBNZ detail remediation & poor conduct examples found in their review of life insurers' conduct and culture
RBNZ and FMA talk tough on poor conduct and culture of $2.57 billion life insurance sector, but avoid explicitly telling insurers to put an end to commission payments
29th Jan 19, 1:00pm
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RBNZ and FMA talk tough on poor conduct and culture of $2.57 billion life insurance sector, but avoid explicitly telling insurers to put an end to commission payments
Insurance Council of New Zealand cautions those who might be affected by Air New Zealand pre-Christmas strike disruption that their travel insurance might not cover them for financial costs
12th Dec 18, 1:41pm
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Insurance Council of New Zealand cautions those who might be affected by Air New Zealand pre-Christmas strike disruption that their travel insurance might not cover them for financial costs
First Credit Union's First Insurance to offer insurance via other NZ credit unions after Co-op Money sells its insurance operations
5th Dec 18, 9:35am
First Credit Union's First Insurance to offer insurance via other NZ credit unions after Co-op Money sells its insurance operations
RBNZ flags astronomical life insurance commissions as it indicates its conduct and culture review on the industry will be more scathing than the one it did on banks; However the sharpness of regulators' teeth remain in question
28th Nov 18, 4:55pm
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RBNZ flags astronomical life insurance commissions as it indicates its conduct and culture review on the industry will be more scathing than the one it did on banks; However the sharpness of regulators' teeth remain in question
Cigna follows Kiwi Wealth and Nikko Asset Management in getting FMA clearance to provide digital personalised advice
22nd Nov 18, 2:49pm
Cigna follows Kiwi Wealth and Nikko Asset Management in getting FMA clearance to provide digital personalised advice
Ex-Governor-General and High Court Judge Silvia Cartwright to lead public inquiry with 'all the powers of a Royal Commission' into the Earthquake Commission
13th Nov 18, 10:46am
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Ex-Governor-General and High Court Judge Silvia Cartwright to lead public inquiry with 'all the powers of a Royal Commission' into the Earthquake Commission
CBL Insurance to be wound up as creditors back RBNZ's liquidation push over directors' rescue remedy; RBNZ commissions inquiry into its handling of CBL Insurance
12th Nov 18, 2:15pm
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CBL Insurance to be wound up as creditors back RBNZ's liquidation push over directors' rescue remedy; RBNZ commissions inquiry into its handling of CBL Insurance
AMP agrees to sell NZ and Aust life insurance businesses for A$3.3 billion; Plans to float its NZ wealth management (including KiwiSaver) and advice business on the share market
25th Oct 18, 11:10am
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AMP agrees to sell NZ and Aust life insurance businesses for A$3.3 billion; Plans to float its NZ wealth management (including KiwiSaver) and advice business on the share market
Co-op Money posts annual loss & restates last year's results to record a loss after correcting error in its accounting for future funded insurance premiums
17th Oct 18, 3:52pm
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Co-op Money posts annual loss & restates last year's results to record a loss after correcting error in its accounting for future funded insurance premiums
Court rejects proposed deal for CBL Insurance to pay its largest creditor nearly all its cash for it to write off its liabilities
1st Oct 18, 5:10pm
Court rejects proposed deal for CBL Insurance to pay its largest creditor nearly all its cash for it to write off its liabilities
S&P downgrades AMP Life's credit rating by a notch 'as a result of fallout from the Royal Commission revelations'; NZ managing director says impact on NZ is immaterial
30th Aug 18, 3:22pm
S&P downgrades AMP Life's credit rating by a notch 'as a result of fallout from the Royal Commission revelations'; NZ managing director says impact on NZ is immaterial
Gibraltar-based insurer, caught in the CBL web, reaches agreement with one of its subsidiaries while it sues another
13th Aug 18, 4:51pm
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Gibraltar-based insurer, caught in the CBL web, reaches agreement with one of its subsidiaries while it sues another
Impact statement on Canterbury Earthquakes Insurance Tribunal Bill reveals the Ministry of Justice did not consult with any external parties as a result of time pressure from the Government
9th Aug 18, 7:30am
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Impact statement on Canterbury Earthquakes Insurance Tribunal Bill reveals the Ministry of Justice did not consult with any external parties as a result of time pressure from the Government
Life insurer accused of mis-selling to Aboriginal people sidesteps questions about its rapid growth in New Zealand
9th Aug 18, 5:00am
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Life insurer accused of mis-selling to Aboriginal people sidesteps questions about its rapid growth in New Zealand
Insurance Council boss lobbies Government to give insurers same access to proposed Canterbury quake tribunal as homeowners
3rd Aug 18, 10:53am
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Insurance Council boss lobbies Government to give insurers same access to proposed Canterbury quake tribunal as homeowners
Duncan Webb explains how the proposed Earthquake Tribunal could ping insurers who have used delay tactics and shares his hopes that it provides a model for the resolution of other civil disputes
2nd Aug 18, 10:47am
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Duncan Webb explains how the proposed Earthquake Tribunal could ping insurers who have used delay tactics and shares his hopes that it provides a model for the resolution of other civil disputes
New research finds the average property that's claimed EQC cover for storm damage is twice as close to the coast as the average property in NZ
31st Jul 18, 5:00am
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New research finds the average property that's claimed EQC cover for storm damage is twice as close to the coast as the average property in NZ
NZ Shareholders' Association 'disappointed' High Court hearing to determine whether or not CBL Insurance will be liquidated is adjourned for the second time
27th Jul 18, 7:24pm
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NZ Shareholders' Association 'disappointed' High Court hearing to determine whether or not CBL Insurance will be liquidated is adjourned for the second time
State and AMI home insurance policyholders in parts of the country deemed risky to receive premium increases of around $91 a year under IAG's new pricing model
23rd Jul 18, 3:01pm
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State and AMI home insurance policyholders in parts of the country deemed risky to receive premium increases of around $91 a year under IAG's new pricing model
Which 3 life insurance providers is the FMA considering taking regulatory action against? Westpac and AMP rule themselves out; 2 providers stay silent
19th Jul 18, 7:29am
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Which 3 life insurance providers is the FMA considering taking regulatory action against? Westpac and AMP rule themselves out; 2 providers stay silent
