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Latest Articles

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

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 challeng...
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IBANZ Forum

Claim excess

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 acc...
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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...
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Feature

Swiss Re CEO bets on AI for productivity gains ...

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...
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Advertorial

Compliance or Competitive Advantage? CoIA is a...

To adapt to the upcoming Contracts of Insurance Act (CoIA), will your organisation be adding layers to cope, or will you re-design work to perform? How much will your approach really cost your business? Will...
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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...
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IBANZ Forum

Defective work & trades endorsement and resulta...

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,...
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IFSO Case Study

Rebuilding a flood damaged home

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...
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Advertorial

The value of partnership during a volatile market

Garry Taylor, Executive General Manager, NZI shares his perspective on the cu...

At NZI, our focus is simple – giving brokers the expertise, insight and support they need to deliver the right outcomes for their customers. That’s the advice model in action – brokers guiding customers with...
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