The insurance professionals online magazine
Feature
More than 95% of average data breach losses and 90% of average first-party losses are adequately covered by insurance, according to the latest report published in Australia by Willis, a WTW business (NASDAQ:WTW). The report, Cyber cla...
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 ...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 con...
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...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...
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...
Appointments
NZI has announced two senior appointments that further strengthen its Property and Liability team’s capability and reinforce its commitment to supporting brokers and customers in an increasingly complex insurance market....
Climate Change
Insurance Council of New Zealand
The Climate Change Response Amendment Bill has been welcomed by insurers for setting out a long-awaited framework for climate adaptation, but they warn that funding, implementation and durable political support will be critical to...Climate Change
Understanding Climate Risk
Yvonne Moore, head of Zurich Resilience Solutions (UK), explains why resilience programmes stall inside organisations. She also sets out what a proactive climate strategy does to an underwriting conversation, and why that exchange...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...
