The insurance professionals online magazine
Climate Change
Insurance Council of New Zealand
The Climate Change Response Amendment Bill has been welcomed by insurers for setting out a long-awaited framework for climate adaptation, but they warn that funding, implementation and durable political support will be critical to turn...IBANZ Forum
Rural
QUESTION If you have sundry vehicle cover under a rural policy, what is the applicable FENZ levy payable, as we do not always know all the vehicles that are covered by this, which is why the sundry limit is in place? For examp...FSCL Case Study
Ross* bought a commercial property insurance policy through his broker. Ross owned a business that manufactured and leased small buildings to third parties. One of the buildings was stolen while located at a customer’s property. R...
Feature
Marine insurance operates in a dynamic environment, and the pace of change is accelerating. Geopolitical instability, legislative reform, and emerging technologies are reshaping the sector, creating challenges for insurers, brokers and...
Feature
By Paul Uprichard, Executive Director, New Zealand Underwriting Agencies Coun...
Choice is one of the most valuable things a broker can offer a client. But choice, in itself, is not the objective. A healthy insurance market isn't defined solely by the number of products or participants it has; rather, the...Feature
Brokers assume asking wealthy clients about their belongings sounds like a sales pitch, but underwriters say it's usually the client who raises it first. For a broker already handling a client's construction or commercial...
Climate Change
Understanding Climate Risk
Yvonne Moore, head of Zurich Resilience Solutions (UK), explains why resilience programmes stall inside organisations. She also sets out what a proactive climate strategy does to an underwriting conversation, and why that exchange...Climate Change
A $15 million scheme elsewhere avoided 10 times its cost
Private insurers have absorbed $31 billion of the more than $64 billion in total natural hazard costs New Zealand has incurred since 2010, while government spending on reducing that risk before disasters strike has remained at just 3%,...Appointments
NZI has announced two senior appointments that further strengthen its Property and Liability team’s capability and reinforce its commitment to supporting brokers and customers in an increasingly complex insurance market....
IFSO Case Study
A couple took out travel insurance for an overseas holiday. While travelling, they were both injured in an accident involving a rented motorised scooter and needed medical treatment. The scooter was also damaged. They made a travel...
