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Aon’s latest Weather, Climate and Catastrophe Report revealed 10 catastrophe events in New Zealand last year caused losses of $322.5 million. The figure was a significant increase on the long term average of roughly $70 milli...
Feature
Changes to insurance contract law likely to mean more work for brokers, write...
It represents the most wide-ranging changes ever proposed for New Zealand’s insurance contract law. Now, the much-anticipated reform is another step closer with the release of the draft Insurance Contracts Bill. In Febru...Feature
A higher volume of claims hit profits at insurance group Tower. The insurance company saw profits for the six months to March fall to $2.98 million, down from $11.1 million in the same period the year before. Exclud...
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Rothbury Insurance Brokers has appointed two highly experienced and established industry leaders. The appointments were made at the start of the year and bring significant expertise to the business. Treena...
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The insurance industry has paid tribute to long-serving IBANZ employee Robyn ...
The much-loved IBANZ employee had worked for the organisation since its formation in 2005, and was responsible for arranging a host of industry events. Tributes flooded in from across the market, led by IBANZ chief...Feature
21.09.1964 to 01.03.2021
The insurance industry lost one of its true innovators and unique personalities on 1 st March 2021. Stephen Doecke was an Australian Import to the NZ insurance industry hailing from Murray Bridge, South...Feature
New Zealand underwriting agency Delta Insurance has opened its first office in Australia, as the fast-growing liability insurer looks for new clients across the Tasman. Delta already operates in Singapore, becoming the first...
IBANZ Forum
A man complained his insurer had an incorrect understanding of the term “off-roading”. His claim had been declined after his vehicle stopped in the middle of a river. In May 2020, Mr Vaai* was driving his vehicle...
IFSO Case Study
Mrs Hall* had payment protection insurance and made a claim to the insurer when her employer terminated her employment due to COVID-19. The insurer declined the claim, on the basis that Mrs Hall had been made redundant due to the...
IBANZ Forum
Question: Our client contracts to a large transport company who has contracts with wineries to transport grapes from their vineyards. The client is paid on an hourly basis to transport the grapes on behalf of the...
