Life Insurance

Opinion

Statutory Liability Policies and Pecuniary Pena...

By Crossley Gates and Frank Rose, Keegan Alexander

One of the insurance industry’s best innovations in New Zealand has been the introduction of the Statutory Liability Policy in the 1990s. Even today, more than 20 years later, there is no insurance policy quite like it elsewhere i...

Feature

Five changes new code of conduct could bring to...

The group developing a new code of conduct for financial advisers has released a draft – and it will mean big changes for insurance brokers. The code will guide everyone who gives financial advice under the new regime. It is ...

Live News

Kiwi firms at risk of becoming zombies

Despite an overall increase in business confidence, companies are not prepared for the impact of disruption, a new survey suggests. The Suncorp New Zealand Business Success Index  found that while 78% of businesses reported ...

Feature

Degree rule would shake up industry, IBANZ warns

Code of conduct proposals too strict on qualifications, industry associations...

Large numbers of general insurance brokers could leave the industry if proposed new qualification standards are brought in, IBANZ has warned. The working group developing the new code of conduct for all financial advisers has...

Feature

Insurers look at nitty gritty

Move to granular pricing part of bigger shift for industry. By Angela Cuming

Tower Insurance will soon start pricing premiums based on how at-risk residential properties are to all ''natural perils'' in a move experts predict will shake up the local insurance industry and encourage other...

Feature

Insurers, brokers told: Little changes won’t cu...

By Michael Naylor, Massey University

The industry of the future may bear very little similarity to the world you work in today. Here's why. In recent years insurance has lagged other sectors in terms of adoption of IT. This technological lagging means that...

Stories

Submissions sought on code

The Insurance Council of NZ is encouraging consumers of insurance and community and consumer groups to have their say on the review of the Fair Insurance Code.  The code sets standards for general insurers who are members of...

Ask an Expert

Ask an Expert

Employee or contractor? Question My client owns a transport company. One of their "employees" is employed on a sub-contracting basis, invoicing the company each month for his hours. He does not work for anyone...

Stories

PSC CONNECT Expansion

After ticking over five years since establishing in New Zealand PSC Connect h...

After ticking over five years since establishing in New Zealand PSC Connect has been a remarkable success story. With 35 Member Broker businesses throughout New Zealand dealing with $30mill GWP they continue to provide an outstanding...

IFSO Case Study

Completing applications risky

Colin* arranged life and trauma cover with the help of financial adviser Fred*. Fred and Felicity*, a mutual friend, completed the application on Colin’s behalf.  When Colin required a coronary angiogram, he made a claim...

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