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In time for International Women’s Day, Insurance Business has named 80 women from Australia’s and New Zealand’s respective insurance industries as its Elite Women of 2024. How did Insurance Business id...New Zealand needs reinsurance. Does the reinsurance market need New Zealand?
“New Zealand needs reinsurance. Does the reinsurance market need New Zealand?” This was a question posed near the end of the Insurance Council of New Zealand’s conference on Thursday by Cameron Green, ...CEO delves into regulatory changes and collaborative success
Financial Markets Authority (FMA) chief executive Samantha Barrass, in her address at the Financial Advice New Zealand (FANZ) Thrive Conference, shed light on the strides made within New Zealand's financial advice sector.  ...More claim delays and rising costs for clients
Houthi rebels in Yemen continue their attacks on shipping in the Red Sea. News reports say missiles – some launched from drones – are being used in strikes that have targeted Israeli, British and American vessels....Expert outlines strategies to navigate cyber threat environment
A study published by telecommunications company Kordia has brought to light the toll of cyberattacks on New Zealand's large businesses. The survey, targeting firms with a workforce exceeding 100, disclosed that 36%...A Dispute Resolution Scheme has highlighted the importance of product knowledge for advisers. In a complaint against an insurance adviser, FSCL has suggested that “… a key insight for insurance advisers is to ensure...
Opportunities and challenges ahead
Global Insurance Law Connect (GILC) has unveiled its first report on the integration of artificial intelligence within the insurance industry, offering a comprehensive analysis from 18 countries. The report navigates...New project aims to redefine earthquake resilience
New Zealand's engineering innovations aimed at earthquake resilience were put to the test at one of the globe's foremost earthquake simulation facilities, located at Tongji University, Shanghai. This effort,...The aim is mandatory definitions for all insurers
The government has officially started a process to define standardised terms for natural hazards in insurance policies. The Assistant Treasurer, Stephen Jones, released a consultation paper this morning. A standard...Company begins remediation efforts
The Financial Markets Authority (FMA) has initiated civil proceedings against Tower Limited, alleging that the insurer failed to properly apply discounts to customers holding multiple policies, leading to an estimated overcharge of $9.5...