Latest Articles

Stories

Gates moves

Insurance lawyer Crossley Gates has joined Keegan Alexander as a partner. He was formerly with DLA Piper. He has almost 35 years of experience specialising in insurance law and insurance practice. He acted for Lloyd&rsquo...

Stories

Insurers not focusing on risk

Personal lines insurers could be expected to start offering more granular pricing, depending on property risk, an actuarial firm says. Melville Jessup Weaver released a report that looked at how insurers priced for earthquake, floo...

Stories

Tower job cuts

About 20 Tower employees will be affected when the insurance company shuts its Christchurch office. The move will happen once its remaining earthquake claims are settled. A spokesman told media the company had planned to close...

Stories

Bill to hasten insurance claims

A member’s bill to introduce a legal timeline for insurance companies to assess and present a settlement offer to claimants has been added to Parliament’s ballot by Kaikoura MP Stuart Smith. “We’ve just...

Ask an Expert

Ask an Expert

Employee or contractor? Question My client owns a transport company. One of their "employees" is employed on a sub-contracting basis, invoicing the company each month for his hours. He does not work for anyone...

Stories

PSC CONNECT Expansion

After ticking over five years since establishing in New Zealand PSC Connect h...

After ticking over five years since establishing in New Zealand PSC Connect has been a remarkable success story. With 35 Member Broker businesses throughout New Zealand dealing with $30mill GWP they continue to provide an outstanding...

Stories

CoverNote News

Latest news .... from local to international stories

Insurers on track Private insurers are on track to meet their target of having the majority of Kaikoura earthquake settlements complete by the end of the year, the Insurance Council of New Zealand said. They have fully...

Stories

Insurance stalwart remembered

Long-standing insurance adviser Kevin Allen is being remembered for going beyond the call of duty in his service to the industry. The father of four died in mid-November.  Allen began his career in insurance with...
(December 2017)

Opinion

Adviser reforms may force industry to take more...

By Crossley Gates

There are two pieces of legislation that directly govern the legal relationship between insurers and intermediaries: Insurance Intermediaries Act 1994 and section 10 of the Insurance Law Reform Act 1977.   The Insurance...

Insurance

Simpler protection for developers

Brokers can forge an advantage with commercial property developers by offering faster and simpler insurance for their projects.  Developers embarking on new projects are on the stressful incline of a potentially risky ride....
(December 2017)

Insurance

Productivity is a strategic imperative for New ...

By Dylan Marsh

Consider that, in 2012, there was a cost of 31c for every dollar of net premium earned. By 2016, this had risen 14% to 35c – an increase of $180 million for the industry. At the same time, the insurance industry faces...

Insurance

Clear direction ahead for financial advice

By Rebecca Sellers

In May 2017, the results of New Zealand’s latest financial health check were published.  The International Monetary Fund (IMF) found that New Zealand did not meet international standards for regulating intermediaries or...

Insurance

Heavyweights in commercial motor repairs

As the most experienced in-house commercial motor repair insurance team in the country, the NZI Commercial Motor Repair Management team use their expertise to get customers back on the road again, faster.  “After a...
(December 2017)

Insurance

A Review of the Review – IPSA in Context

The review of the Insurance (Prudent Supervision) Act 2010 is progressing in ...

In a recent Feedback statement, the RBNZ indicated that the 42 submissions received gave rise to a number of issues that would be the subject of ongoing attention and consideration over the next 12 - 18 months. The...

Feature

How the sharing economy is blurring insurance l...

By Richard Godman

U ntil recently, most New Zealanders’ lives had well-defined boundaries that made it easier for insurers to assess and price risk.  But the sharing economy is changing the way we use our assets and belongings –...

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