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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, n...
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Feature

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 custo...
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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 e...
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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

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...
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Feature

AMI is celebrating a young New Zealander who’...

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...
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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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Appointments

IBANZ welcomes Nick Raven to the team

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...
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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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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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