The insurance professionals online magazine
Feature
IBANZ plays a strategic role in shaping New Zealand's insurance legislation
In the ever-evolving landscape of insurance and financial services in New Zealand, the Insurance Brokers Association of New Zealand (IBANZ) plays a pivotal role in defending its members’ interests through making submissions on dra...News from Australia
Australian Insurers and brokers are targeting a constructive relationship with the federal government after Prime Minister Anthony Albanese led Labour to an emphatic victory in the recent election. They have urged Canberra to addre...
Feature
Technology and artificial intelligence (AI) are reshaping insurance distribution, creating challenges and efficiencies for intermediaries, as insurers balance profitability with customer and agent satisfaction. Capgemini’s 2...
Feature
On 28 February 2025, the Supreme Court of New South Wales fined Allianz Australia Insurance Limited (‘Allianz’) AU$13.5 million and AWP Australia Pty Ltd (‘AWP’) AU$3.3 million for making false or misleading...
FSCL Case Study
Highlighting the importance of documentation for advisers
It is important for insurance advisers to confirm to their clients in writing the instructions the clients have given to them. This avoids misunderstandings and provides the client with the chance to correct any errors. It also provides...Feature
Ensuring a pipeline of appropriately skilled financial services practitioners...
One of the keys to achieving this is ensuring that industry training programmes are fit for purpose and properly prepare those wanting to enter or progress in the industry in ways that are realistic and relevant. The NZ...Feature
AMI's new insurance data - sourced from the largest general insurance dataset in the country - reported almost 12,000 vehicle theft claims throughout 2024, including claims relating to attempted vehicle theft. Last year, the...
IBANZ Forum
QUESTION: We have a client who has caused damage to a client's ceiling and is looking to claim for this. Unfortunately the affected property has asbestos in the ceiling. The insurer is suggesting that there may not be cover due...
Feature
The Reserve Bank remains dedicated to enhancing engagement with the industry, modernising its regulatory framework and approach, and embedding deeper insurance expertise within its leadership. Deputy Governor Christian Hawkesby has...
Feature
Financial performance took a hit from event
Wool carpet manufacturer Bremworth has reached a final insurance settlement for losses sustained due to Cyclone Gabrielle in February 2023. The company confirmed that the total settlement amount is $104.2 million, with insurers set...
