Financial Law

FSCL Case Study

When two brokers get it wrong

An insurance broker arranged insurance cover for a couple’s home, including a swimming pool. Insurance premiums were increasing and the client asked the broker if he could find a cheaper policy. He offered the couple an alternativ...

FSCL Case Study

The stock loss shock

A businessman bought a jewellery store located within a shopping mall. The previous store owner’s insurance broker emailed him a new schedule of insurance in the name of his business. The schedule showed a sum insured of $150,000 ...

Opinion

Brokers’ guide to new regulatory environment

If your insurance broking business provides a FAS to retail clients, it will ...

Welcome to the alphabet soup of the Financial Services Legislation Amendment Bill. This bill if enacted will: • Repeal the unloved Financial Advisers Act 2008, • Amend the existing Financial Markets Conduct Act 2013 ...

FSCL Case Study

The $84 billion problem:

Underinsurance and sum insured

Underinsurance is a big issue in New Zealand. A 2016 Treasury report stated up to 85% of homes could be underinsured by an average of 28%. Across New Zealand, underinsurance of homes is worth an estimated $84 billion. ...

Feature

Insurers: Concerns to address for earthquake cl...

Insurers are cautiously welcoming a proposed tribunal to deal with Canterbury earthquake settlements. Justice Minister Andrew Little introduced a bill designed to help Cantabrians resolve outstanding residential insurance claims...

Live News

What’s keeping directors up at night?

People risks, such as the loss of a key person and talent attraction and retention, are top of mind for directors in the fourth Directors’ Risk Survey Report conducted by Marsh and the Institute of Directors. Directors were...

Training & Qualifications

Professional IQ College offers workshops, online courses, webinars and qualifications.
For upcoming events:


Click here

Knowledge Base

Where members can access industry Resources & Media Content


Click here