General

Opinion

What happens if you change your mind?

Can an insurance broker renege on a proposed underwriting agency relationship...

Entering into a business relationship with another party can be complicated; many issues need to be discussed and agreed to. The parties need to be free to negotiate without commitment until they reach substantial agreement. Once they d...

IFSO Case Study

What does it take to prove a prima facie claim?

Twenty-four years of insurance complaints reveal the prima facie claim is still a mystery to many clients, and the Latin probably doesn’t help.  A prima facie claim is what the insured must prove in the first instance - that ...

Feature

Data protection - the perfect storm to justify ...

By Minter Ellison Rudd Watts

In 2018, there were more than 2000 data breaches reported to CERT NZ – just the tip of a now mammoth iceberg affecting the personal and confidential information of millions of people and businesses globally.  The ever-in...

SPOTLIGHT ON

Feature

Navigating internal connectedness

Nicholas Moss, director, financial services audit, KPMG

The 2018 KPMG Global Chief Executive Outlook, which surveyed 1300 chief executives, including 50 New Zealand chief executives, found that eight-in-ten insurance chief executives believe they are now meeting (or even...

SPOTLIGHT ON

Feature

New insurance products virtual and intangible

New products available to insurance brokers in 2019 are a sign of the times, ...

Cyber cover is here; crypto still to come Great technology comes with great responsibility, and the insurance industry calls this “emerging risks”.  While self-driving cars aren’t quite in New Zealand...

Live News

Suncorp reports profit boost

Suncorp’s general insurance business has reported a 100% profit jump. Suncorp Group reported net profit after tax of A$250 million ($260m) for the six months to December 31. Its New Zealand business pulled in $120m, up...

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