The insurance professionals online magazine
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
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
Lockton has announced the opening of its new office in Queenstown, led by General Manager Mark Hyland. The new office opening further demonstrates Lockton’s strong commitment to the New Zealand market, adding to existing loc...
IBANZ Forum
NHI/FENZ
QUESTION The words stop bank don't appear in the Exemptions list, but they also don't appear to have been in the previous Exemptions list ,but no FENZ were charged on stop banks under a Contract Works policy. It is...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%,...FSCL Case Study
Mark* operated a motel business. His insurance broker assisted with the placement and renewal of the motel’s business insurance policies. As part of an insurance renewal process, the broker asked Mark whether the motel had any...
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...Advertorial
The vehicle verification tool for brokers and insurers
As policy volumes increase and regulatory expectations continue to evolve, insurers and brokers are always looking for ways to streamline these workflows without compromising accuracy. That challenge is what sits behind the launch...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...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...
