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New Zealand insurance.

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Latest Articles

Feature

A phoenix rises: The Contracts of Insurance Bill

By Andrew Horne, partner, Nick Frith, partner, Lloyd Kavanagh, partner & Hann...

The team at MinterEllisonRuddWatts share their views on the Contracts of Insurance Bill, and how it will reshape the market. The Contracts of Insurance Bill, now a government Bill (Bill), has had its first reading and has bee...
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Feature

Suncorp to sell Asteron Life

Suncorp Group announced the sale of its New Zealand Asteron Life business to focus on its general insurance operations. The Australia-based group said the transaction continued the reshaping of the company, and would position its N...
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Feature

Delta Insurance opens Central Region office

Auckland-headquartered Delta Insurance has opened a new office in Papamoa in the Bay of Plenty, following its international expansion into Singapore and Australia.  Located in the Tauranga suburb, the central region office ser...
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Feature

The power of perspective: Five top takeaways fr...

The Marsh McLennan Global Risks Report 2024 captures insights from nearly 1,500 business leaders and experts worldwide, providing a short-, medium- and longer-term perspective on unfolding risk to help organisations make informed,...
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Feature

Calendar of Events

IBANZ offers a range of CPD from quality presenters who specialise in providi...

June 2024 June 18 TOPIC: Indemnity – demystifying the process  PRESENTER: Chris Shannon & Sean McIntyre - Duncan Cotterill It can be an uncertain time for any client when their insurer tells them...
(June 2024)
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IBANZ Forum

Benchtop confusion

QUESTION: The claim involves a customer's benchtop. The customer wishes to claim against the Insured for a new benchtop. The Insured installed the benchtop two years ago at their customer's house. The Insured advised...
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Feature

Government introduces Contracts of Insurance Bill

The government has introduced its Contracts of Insurance Bill, with the proposed law passing its first reading on 2 May. Under the bill, insurers would bear the greater burden of disclosure obligations. Opposition parties have...
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FSCL Case Study

Consumer says broker misled him about insurance...

Peter* owned a franchise business, which had a number of insurance policies (material damage, public liability and commercial vehicle cover) arranged by a broker. In mid-2021, Peter was looking to change insurers because he wanted to...
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Feature

Insurance industry concern over FENZ levy hikes

For decades, levies on insurance premiums have funded New Zealand’s Fire and Emergency service (FENZ), with 95% of the organisation’s funding paid for by insurance buyers in the year to June 2023. While the insurance...
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Feature

IBANZ urges home buyers to plan insurance

The Insurance Brokers Association of New Zealand urged home buyers to think with their heads rather than their hearts when committing to a real estate purchase. New actuarial data supplied to Treasury shows house insurance premiums...
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