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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...Climate Change
By Rachael Pettigrew, Head of Risk Advisory, Willis NZ
Organisations can spend more time preparing for the last crisis than they do for the next one. Insurance remains one of the most effective tools for managing known risks. However, some of the biggest threats facing businesses today...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 ...
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More than 95% of average data breach losses and 90% of average first-party losses are adequately covered by insurance, according to the latest report published in Australia by Willis, a WTW business (NASDAQ:WTW). The report, Cyber...
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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...
Humans of NZI
NZI is helping brokers and customers navigate New Zealand's energy transition.
When Kim Wight talks about renewable energy, she’s not just talking about wind farms and solar panels. She’s talking about business resilience, evolving risk profiles, and the opportunities...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....
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As North America hosted the largest FIFA World Cup in history, risk managers looked beyond the matches themselves. With 48 teams, 104 matches and millions of fans expected across the US, Canada and Mexico, the tournament’s...
IBANZ Forum
Material Damage/BI/Contract Works
QUESTION I have a client who owns a restaurant which suffered damage and was unable to trade for three weeks, resulting in a Gross Profit loss. Their insurer has accepted the Business Interruption claim, however has...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...
