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Aon’s 2025 climate and catastrophe insights

Economic losses from natural disaster events reached $368 billion in 2024, driven by Hurricanes Milton and Helene, severe convective storms in the U.S., and flooding across Europe. These events demonstrate the critical role of adap...

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Revealed - top emerging threats for banks and i...

Geopolitical uncertainty is the primary driver of emerging threats for banks and insurers, according to the 2025 ORX Horizon and Cyber Horizon reports. The reports, based on input from 47 global financial services firms, ranked cyb...

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Insurance brokers concerned about poorly unders...

The Bay of Plenty seaside suburb of Papamoa was recently crowned  Trade Me’s ‘choicest suburb’ , but the Insurance Brokers Association of New Zealand (IBANZ) is concerned an insurance exposure impacting some prope...

Humans of NZI

Creating connections and culinary masterpieces ...

NZI’s Manager, Partner Governance Risk and Performance, Sarah Latch, has built her career on a foundation of relationships, resilience and a drive to make a difference.  With a career spanning life insurance,...

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IBANZ: Calendar of events

All webinars: 10.30 - 11.30am unless otherwise stated. FEBRUARY 2025 February 4 th Topic:   Legislation Breaches Presenter:  Stephanie Newton  |  FSCL   February 11 th...

IBANZ Forum

Small claims

QUESTION: My client has a dispute with a customer so raised a small claims tribunal action within the $30,000 limit. The customer has counter-claimed for $50,000 which, being outside small claims, I presume now becomes a civil...

IBANZ Forum

FENZ Levy on buildings - adjustment rate on inf...

QUESTION: When we get a new valuation for a building, it usually has the sum insured amount broken down: Reinstatement Cost Estimate and Inflationary Provision Demolition Cost. As a brokering practice, we use 50% adjustment on...

IBANZ Forum

Purposively underinsuring

QUESTION: I'm dealing with a complex situation involving a commercial property owner. The owner recently obtained a valuation on their property, which has come back effectively doubling the previously insured value. Despite...

IBANZ Forum

Do brokers have an obligation to notify banks f...

QUESTION: Whose responsibility is it now to notify banks if there is a mortgage or finance on a policy that is cancelled due to non-payment?   Crossley Gates, Keegan Alexander Decades ago there used to be an...

FSCL Case Study

Business affected by a cyclone

Olivia* is the owner of a small home renovation business supplying both material and labour to homeowners (the business), in the Hawkes Bay area.  In February 2023 the area was severely impacted by Cyclone Gabrielle, causing...

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