Insurance
Ahead of the next UN Climate Summit in New York, the OECD assesses the progress of funding climate change adaption and mitigation projects in developing countries
14th Sep 19, 5:12pm
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Ahead of the next UN Climate Summit in New York, the OECD assesses the progress of funding climate change adaption and mitigation projects in developing countries
Financial Markets Authority considering prosecuting life insurers over sales tactics; says 'there will be more remediation, more repayments to consumers'; Commerce and Consumer Affairs Minister warns NZ isn't immune from a royal commission
13th Sep 19, 10:58am
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Financial Markets Authority considering prosecuting life insurers over sales tactics; says 'there will be more remediation, more repayments to consumers'; Commerce and Consumer Affairs Minister warns NZ isn't immune from a royal commission
Insurance Council of New Zealand sets out to 'educate the public' about insurance fraud through new Insurance Fraud Bureau as its members strive to reduce insurance fraud
3rd Sep 19, 1:37pm
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Insurance Council of New Zealand sets out to 'educate the public' about insurance fraud through new Insurance Fraud Bureau as its members strive to reduce insurance fraud
As mortgage interest rates fall, home & contents insurance premiums are rising, and fast, undermining the benefits of low interest rates. We investigate where that insurance premium goes and how it has changed
26th Aug 19, 4:45pm
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As mortgage interest rates fall, home & contents insurance premiums are rising, and fast, undermining the benefits of low interest rates. We investigate where that insurance premium goes and how it has changed
IAG and Suncorp see premium hikes being more subdued in 2020, with major repricing seen in 2019 contributing to them increasing their profits by 69% and 116% respectively
20th Aug 19, 7:49am
10
IAG and Suncorp see premium hikes being more subdued in 2020, with major repricing seen in 2019 contributing to them increasing their profits by 69% and 116% respectively
AMP goes back to the RBNZ with a new A$3 billion proposal to sell its life insurance business; Announces A$650 million capital raise and plan to divest from its NZ wealth management business
8th Aug 19, 6:01pm
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AMP goes back to the RBNZ with a new A$3 billion proposal to sell its life insurance business; Announces A$650 million capital raise and plan to divest from its NZ wealth management business
Chapman Tripp's John Knight looks at the impact of climate change on insurance and insurers, the legal risks, and the responses he expects to see
29th Jul 19, 3:07pm
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Chapman Tripp's John Knight looks at the impact of climate change on insurance and insurers, the legal risks, and the responses he expects to see
The RBNZ defends its decision to block the sale of AMP Life, revealing the wannabe buyer only lodged an application with it 8 months after the proposed deal was announced
19th Jul 19, 9:46am
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The RBNZ defends its decision to block the sale of AMP Life, revealing the wannabe buyer only lodged an application with it 8 months after the proposed deal was announced
AMP share price hits rock bottom on news A$3.3 billion sale of AMP Life 'highly unlikely to proceed' due to RBNZ's disapproval
15th Jul 19, 11:34am
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AMP share price hits rock bottom on news A$3.3 billion sale of AMP Life 'highly unlikely to proceed' due to RBNZ's disapproval
Law News reviews the growing body of work building to update our insurance law. It has started with the Culture & Conduct review, will cover disclosure issues, and may tackle conflicted remuneration
12th Jul 19, 11:00am
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Law News reviews the growing body of work building to update our insurance law. It has started with the Culture & Conduct review, will cover disclosure issues, and may tackle conflicted remuneration
Tower gets ahead of regulatory curve by committing to taking a more consumer-friendly approach towards disclosure; IAG begs the Government not to make it go this far
11th Jul 19, 7:22am
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Tower gets ahead of regulatory curve by committing to taking a more consumer-friendly approach towards disclosure; IAG begs the Government not to make it go this far
Fund manager who held major CBL stake contrasts RBNZ's 'very public discourse' around bank capital requirements with its caution about speaking out about an under-capitalised insurer
5th Jul 19, 11:42am
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Fund manager who held major CBL stake contrasts RBNZ's 'very public discourse' around bank capital requirements with its caution about speaking out about an under-capitalised insurer
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
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
