The insurance professionals online magazine
Feature
Swiss Re CEO Andreas Berger says AI will overhaul how the reinsurance group operates, predicting productivity gains "such as we have not seen in decades," while defending a business partnership that has drawn accusations of e...
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AMI is urging New Zealand households to stay vigilant, as new data shows most lithium-ion battery incidents stem from unsafe charging. AMI Executive General Manager Claims, Steph Ferris says the data shows just how quickly things ...
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New data released recently reveals a record 46 storms over the past 12 months, driving a sharp rise in claims. Phil Gibson, AMI, State and NZI CEO, says: “Between autumn 2025 and summer 2026, our claims teams supported custo...
Feature
From 1 July 2026, the way the Fire and Emergency New Zealand (FENZ) levy is c...
When do the changes apply? The new levy rules apply to policies that start (are entered into) or renew on or after 1 July 2026. Policies already in place before this date continue under current levy rules until renewal. This...Feature
On 1 May 2026, changes to the Privacy Act came into force. These changes directly impact how and when you share personal information with third party providers (such as insurers, underwriting agencies, loss adjusters, claim repairers,...
Feature
Long-term claims growth hits decade low
Accident insurer's report shows the long-term claims pool grew just 0.3% and 92% of clients on weekly compensation returned to work within a year. New Zealand’s Accident Compensation Corporation (ACC) has released its...IBANZ Forum
NHI/FENZ
QUESTION: An insured builds a self-contained home. The building is intended to be lived in by the insured (owner-occupied). It is 100% residential use. It is a freestanding home that is not attached to any other building. It has...IBANZ Forum
Liability/Cyber/Product Recall/Crime/Fidelity
QUESTION: I’d welcome expert views on interpreting NZI’s Defective Work – Trades Endorsement, particularly around resultant damage. Scenario: A trade contractor installs flashing incorrectly (workmanship,...IFSO Case Study
After severe flooding, the Chan* family’s house was badly damaged and needed to be rebuilt. Their insurer accepted the claim and agreed to cover the cost of rebuilding the home. However, a dispute arose about how high the...
IBANZ Forum
Commercial Fleet/Vehicle
QUESTION: The insured makes a motor claim which is accepted by the insurer. Given the type of claim, the claim falls under a section 1 automatic policy benefit which is sub-limited to $5,000 in the policy wording. This again is...
