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Compliance or Competitive Advantage? CoIA is a...

To adapt to the upcoming Contracts of Insurance Act (CoIA), will your organis...

Sysdoc’s advice to insurers draws on 40 years of helping organisations adapt to regulatory and technology change: how you respond to CoIA will directly shape the cost, risk, and long-term value you create, making this an opportun...

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Allianz transfers global commercial cyber portf...

Allianz Commercial plans to transfer its standalone commercial cyber insurance portfolio to Coalition under a multi-year global arrangement that will make Coalition its exclusive partner for commercial cyber business. The transaction, ...

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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 e...

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A storm every eight days: Weather claims spike ...

New data released recently reveals a record 46 storms over the past 12 months, driving a sharp rise in claims. Phil Gibson, AMI, State and NZI CEO, says: “Between autumn 2025 and summer 2026, our claims teams supported...

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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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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...

FSCL 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...

IFSO 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...

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...

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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