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Insurers pick up tab for storms

Insurers have provided $203.9 million of support to Kiwi communities this year across more than 27,000 claims for severe weather events. The figures, released by the Insurance Council, show that insurer support for communities is a...

Live News

No more sales targets for IAG staff

IAG New Zealand has stopped incentivising employees based on sales targets. Chief executive Craig Olsen said it was the culmination of an on-going process of review and change over recent years. “IAG New Zealand has had ...

Live News

e-Bikes may be uninsured

Thousands of Kiwi drone and e-bike owners are being warned to check their insurance policies as experts caution the industry has not kept pace with the development of new technologies. Simon Moss, partner services manager of NZbrok...

Live News

Kiwi firms at risk of becoming zombies

Despite an overall increase in business confidence, companies are not prepared for the impact of disruption, a new survey suggests. The Suncorp New Zealand Business Success Index  found that while 78% of businesses reported...

Live News

Windscreen benefits under threat

The increasing cost of replacing the modern technology embedded in new car windscreens will mean many consumers will no longer receive free vehicle glass cover under their insurance policy, the head of one broker group says. Jo...

Live News

Insurers promote diversity

Marsh, AIG and NZBrokers are hosting events in New Zealand as part of the international Dive In Festival, which promotes diversity and inclusion in the insurance industry. The festival is in its fourth year and involves events in...

Live News

Insurtech 'good news for consumers'

The rapid increase in the number of tech companies working in the insurance market and investment by traditional insurance firms into new advanced technologies is expected to lead to better deals for customers in coming years,...

Live News

Marsh’s 60 acts of service continues

To help celebrate 60 years of doing business in New Zealand, Marsh is conducting 60 acts of community service throughout the year. To date, Marsh staff across the country have conducted activities such as donating blood, doing...

Live News

What’s keeping directors up at night?

People risks, such as the loss of a key person and talent attraction and retention, are top of mind for directors in the fourth Directors’ Risk Survey Report conducted by Marsh and the Institute of Directors. Directors were...

PIQ College

Brush up your knowledge

Professional IQ College is pleased to announce the availability of two short videos about the New Zealand Certificate in Financial Services (Level 5). Find out how you can earn a CPD point by watching these videos for free while...

PIQ College

Plan now for the future

A new Code of Professional Conduct is being developed. What will it mean for you? This new code will specify minimum standards of competency, knowledge and skill for people working in the insurance and financial services...

FSCL Case Study

Delayed repairs

The insured owns a commercial building in a small town, and was running a café from the premises. In June 2015, the town suffered severe flooding and the building was damaged. The café could no longer trade. There were...

FSCL Case Study

Yellow-stickered

The insured owned a small business which was “yellow-stickered” as a result of the Kaikoura earthquake on November 14, 2016.  His business was largely undamaged, but the potential for a neighbouring building to...

Stories

Smith&Smith welcomes Michelle van Gaalen as the...

Michelle will be heading the vehicle glass repair and replacement business as...

Congratulations on your appointment. Please tell us about your background. Thank you, I’m thrilled to be part of the Smith&Smith® and Laser Plumbing & Electrical team. My background is in service-based...

IFSO Case Study

Canterbury cover

In August 2011, through a broker, a company arranged business insurance on its shop.  Due to the recent Canterbury earthquakes, the insurer excluded cover for loss due to earthquakes.  About 18 months later, it...

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