Live News
Confidence under threat

Consumer trust was a key theme of addresses both from Orr and finance minister Grant Robertson at the Insurance Council of New Zealand's conference in Auckland today. Robertson, who is also minister responsible for the Earthqua...
RBNZ issues warning

The governor of the Reserve Bank of New Zealand has warned the wider insurance industry that regulators will be back for them following a damning report into the conduct of life insurers. Speaking at an industry event, Adrian Orr u...
ICNZ on Wellington Forum

The Wellington Mayoral Taskforce was set up in response to anecdotal claims that insurance premiums, particularly for commercial property including apartment dwellers, were unaffordable. Insurance premiums have risen sharply over the la...
EQC to take over claims settlement

Southern Response has today confirmed that it will be winding up its in-house claims settlement function by the end of this year, and from that point remaining claims will be handled by EQC acting as Southern Response’s agent....
Transitional Licensing Update

John Botica, Director of Market Engagement, FMA talks about transitional licensing dates and points to useful tools available to financial advisers as they navigate the process.  
Revolution is parametric

Parametric insurance is growing fast, and it’s likely to keep doing so as climate change continues to bite. While it’s not a complete answer to the range of problems that emerge under climate change scenarios, estimates...
PERILS expands to NZ

PERILS, a Swiss company that provides industry-wide catastrophe insurance data, has announced that it has expanded its market coverage to include New Zealand. The firm’s database, which collects data from primary insurers in...
FMA publishes 2019 report

The Financial Markets Authority (FMA) today released its  Annual Report  for the year to June 2019. This was  a watershed year for the regulator when the Financial Markets Conduct Act was fully implemented and normalised...
FSCL loses Ombudsman fight

FSCL says it was “extremely disappointed” to have been unsuccessful in its attempt to use the word ombudsman in the scheme name. It has been a long-running battle for the dispute resolution scheme. FSCL applied...
Litigation budget increased

The Government has announced an increase of $4 million to the Financial Markets Authority’s litigation fund for 2019/20 to strengthen enforcement capability. The increase, which will bring the regulator’s litigation...

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