The insurance professionals online magazine
Feature
Gallagher New Zealand’s latest market update signals a trend toward a softer commercial insurance market, following an extended period of premium growth. The report, released in November, indicated that premium hikes are tape...
Feature
Dentons recently provided this update on the Contracts of Insurance Act 2024
On 15 November 2024, the Contracts of Insurance Bill received royal assent. The new legislation modernises and consolidates existing insurance laws. It is intended to promote the confident and informed participation of insurers, ...Feature
A recent report by Intersec has found that New Zealand ranked ninth on the list of countries most impacted by natural disasters between 2000 and 2024. Utilising data from EM-DAT and population figures from publicly available source...
IBANZ Forum
QUESTION: I'm dealing with a complex situation involving a commercial property owner. The owner recently obtained a valuation on their property, which has come back effectively doubling the previously insured value. Despite...
Feature
Report highlights preparedness initiatives and renewed focus
New Zealand’s Natural Hazards Commission Toka TÅ« Ake (Natural Hazards Commission, or NHC) has issued its final annual report under its new name following its rebranding from the Earthquake Commission (EQC). The report...IBANZ Forum
QUESTION: My client has a dispute with a customer so raised a small claims tribunal action within the $30,000 limit. The customer has counter-claimed for $50,000 which, being outside small claims, I presume now becomes a civil...
Feature
Recent research from insurer AMI shows that 73% of small business owners are concerned about cyber security, and one in four say they’ve been affected within the last two years. Despite that concern, more than half of...
A Year in Review
For this year-end issue of CoverNote we talk to four industry leaders about t...
Kris Faafoi is CEO of the Insurance Council of New Zealand. Grant Milne is MD of the ICIB BROKERWEB Group. Andy Croy in GM Distribution for NZ at QBE. Neil Cousins is CEO of Steadfast and the current president of IBANZ, the...
