Despite a decline in the headline price inflation rate, a continued high level of withdrawals from KiwiSaver for financial hardship reasons suggests cost-of-living pressures are still being felt by some households. Acc...
Find out who's leading the charge in insurance this year
Insurance Business has released its 2025 Hot List, identifying 70 insurance leaders across Australia and New Zealand who have demonstrated significant influence over the past year. As 2025 unfolds, the insurance industr...Industry body outlines recovery steps
Following a series of severe weather events across Canterbury and Wellington, insurance providers are emphasising the importance of safe and timely recovery efforts. The Insurance Council of New Zealand (ICNZ) is advisi...
The Financial Markets Authority (FMA) says the Conduct of Financial Institutions (CoFI) regime “is essential” for it and that the licensing process is complete for most providers with supervision and monitoring work now...
Brokers urged to assist clients
Insurance disputes in New Zealand are on the rise, with the Insurance & Financial Services Ombudsman (IFSO) Scheme recording more consumer complaints and formal investigations than in previous years. According to...Risks from climate change are only growing, says Kris Faafoi
In early 2023, the Auckland Anniversary floods and Cyclone Gabrielle inflicted $14.5 billion in losses across the upper North Island and East Coast. Despite these events, Budget 2025 offered little indication of a...Paper outlines predictions of more frequent extreme weather events
While Wellington is long seen as New Zealand’s quake capital, a new report presented in the capital on Friday warns of an increasingly probable “worst-case” disaster scenario for Auckland – driven not by seismic...Insurers, recyclers warn of rising risks
A major fire at a recycling facility on Auckland’s North Shore has renewed concerns about the regulatory vacuum surrounding the end-of-life management of lithium-ion batteries in New Zealand. Insurance...Chief risk officers adapt strategies amid mounting disruption and change
Chief risk officers (CROs) in the Asia-Pacific insurance industry are redefining their roles amid increasing operational pressures and a more interconnected risk landscape. A recent survey by EY and the Institute of...Threats shift from data breaches to vessel groundings
The grounding of the MSC Antonia near the Eliza Shoals off Jeddah has drawn attention to the increasing risks of cyber-physical attacks in the maritime sector, particularly in the Middle East and North Africa (MENA). ...
