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One in four Kiwi SMEs don’t have insurance

Vero Insurance research shows one in four small to medium enterprise owners and decision-makers (SMEs) have no business insurance. It comes as part of the second edition of the Vero SME Insurance Index, which delves into the insura...

Live News

AFAs deal in category two products

Forty-one per cent of authorised financial advisers offer insurance advice, new Financial Markets Authority data shows. It has released its latest snapshot of the country’s AFAs, compiled from the annual returns that they sub...

Live News

Insurers chip in more than $100m

Insurers have provided $101m in support and assistance to communities so far this year. Three major storms struck New Zealand in the first quarter of 2018: the January storms, Cyclone Fehi and ex-Tropical Cyclone Gita. Together, th...

Live News

Conduct in question

Commerce Minister Kris Faafoi is asking whether there is a need for more regulation of insurer conduct, as part of the insurance contract law review. Public consultation has begun as part of the review process....

Stories

Aon makes Australian appointments

Aon has strengthened  the leadership of its SME/mid-market solutions and its sales, marketing and growth capabilities with two key senior internal appointments to its Australian team.  Kevan Johnston has been...

Stories

Cyclone Fehi cost rises

The Insurance Council says Cyclone Fehi has already cost insurers almost $38.5 million. It hit New Zealand on February 1, causing widespread wind damage and flooding in exposed coastal towns. States of emergency were declared...

Stories

IAG announces chief executive's retirement

IAG New Zealand has announced the retirement of Karl Armstrong after 47 years with the company. The acting executive general manager of the firm will step down on May 31. Chief executive Craig Olsen said Armstrong had...

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What's average? Question... We have a client who has had criminals break in through a locked gate on their yard, and steal a trailer. The trailer was worth $2000 and covered as part of their stock under an MD policy....

PIQ College

Annual survey of student satisfaction

Measuring student satisfaction is very important to staff at the Professional IQ College. This is one way that we know we are meeting student expectations.  During 2017 we asked graduates of the NZQA programmes to give us feedback...

Feature

CBL in liquidation

Liquidators have been appointed to CBL insurance. Kare Johnstone and Andrew Grenfell, partners of McGrathNicol, were appointed by order of the High Court at the end of February. NZX suspended the CBL Corporation stock over...

Feature

Earthquake Commission gets shake-up

Insurers have welcomed a government decision to appoint a ministerial adviser to the Earthquake Commission (EQC). EQC Minister Megan Woods said the new position would give her advice on the settlement of the 2600 outstanding...

Stories

Are your small business customers accessing gov...

Burglary, theft and aggravated robbery is becoming a big problem for small retail outlets, and the number of reported incidents of violence against dairy and liquor store owners, staff and customers during robberies is high. Now...

Stories

Next best thing to fees-free studies

Next best thing to fees-free studies You may have heard that the Government announced fees-free tertiary education and training for all New Zealand students who finish school in 2017, or will finish school during 2018. They...

Stories

Brokers use Vero SME Index insights to attract ...

Vero has confirmed that it will release the second edition of the SME Insurance Index in April 2018, following the successful New Zealand launch of the Index last year. “After we released the research last year, we surveyed...

Stories

Insurers battle weather

Insurers settled 70,000 claims arising from extreme events in 2017. These included claims arising from the Kaikōura earthquake, extreme weather events and residual Canterbury claims.  “2017 was a year that tested the...

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