The insurance professionals online magazine
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 it...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 Ma...IFSO Case Study
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 (le...
Advertorial
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...
Feature
For the first time, AMI has announced a Supporting Excellence Student Award winner through the Ryda programme, recognising high school student Zane Lott for his leadership, responsibility and standout road safety mindset as a young...
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,...IBANZ Forum
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...Advertorial
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...Appointments
IBANZ recently welcomed Nick Raven to our small Auckland-based team in the newly created role of Communications and Content Manager. Nick takes over responsibility for member engagement and communication across all channels...
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...
