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IBANZ Forum

Residential vs commercial

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 it...
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Feature

AMI urges households to take lithium-ion batter...

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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Advertorial

Vero is accelerating to back brokers in a chang...

A look into Vero’s countrywide Broker Roadshow by Jane Brewer, Executive Ge...

Insurance has always been an industry shaped by change. But right now, that change feels like it’s accelerating in every direction at once. A 219% increase in weather-related claims volumes year-on-year 1 . Nearly $9 billion in n...
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Feature

FENZ levy changes from 1 July 2026

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...
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IBANZ Forum

Wrong Range Rover cancelled

Commercial Fleet/Vehicle

QUESTION: We have a client with a number of vehicles insured with the same insurer.  He had two Range Rovers, both insured, sold one and instructed us to cancel cover on it.  He advised the wrong rego. so the Range rover...
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Feature

ACC turnaround on track

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...
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Feature

In an election year, New Zealanders have the ch...

Kris Faafoi is Chief Executive of the Insurance Council of New Zealand | Te K...

New Zealand has started 2026 with a reminder about the reality of extreme weather. In January, communities across the upper North Island and East Cape experienced torrential rain, flooding and landslips that damaged homes, cut...
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Feature

More storms, more claims, more reasons to have ...

As a small island nation New Zealand has always lived with weather risk, but industry tracking shows storm-related claims were up more than 250% in the 12 months to February 2026. Storms struck somewhere in New Zealand roughly once...
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FSCL Case Study

Why am I paying Body Corporate insurance, if it...

Franklin* and his business owned several units at a property. The Body Corporate for Franklin’s property held various insurance policies with an insurer, including a statutory liability policy, which included cover for defence...
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Advertorial

Rothbury introduces flexible partnership progra...

A different way to think about partnership

Independent insurance brokers are under more pressure than ever. Compliance requirements keep growing, underwriters want more data and reporting, clients expect faster service, and staff recruitment, training and retention is a...
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