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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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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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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
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,...
IBANZ Forum
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
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
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
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
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...
