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Insurance and risk professionals in Australia and New Zealand are reporting high levels of confidence in their organisations’ ability to withstand ransomware attacks, yet recent industry research indicates a significant gap betwee...
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IAG New Zealand has unveiled toi Māori (a new Māori artwork) as part of its visual identity, embracing Te Ao Māori (the Māori worldview) and marking an important step in its cultural journey. The artwork, Ruaitewānanga, was creat...
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What it means for insurers and brokers
Small and medium-sized enterprises (SMEs) in New Zealand are maintaining a strong sense of confidence in their own operations, even as broader economic sentiment remains subdued, according to new research from Prospa NZ. For insurance p...
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Professional indemnity (PI) insurance remains an essential form of protection for consultants, advisers, and small businesses in New Zealand. Marsh has advised that while most professionals recognise its importance, policy wording...
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The Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko – has released its annual report for the financial year ending June 30, 2025. The report details the FMA’s evolving strategy and enforcement activities,...
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October’s severe weather has generated about 6,000 claims
The spring storms that swept across New Zealand in October have left a trail of destruction, particularly in rural communities on the South Island. More than 3,300 claims have been lodged with major insurers, including IAG’s NZ...Feature
Vero Insurance, part of Suncorp New Zealand, has released its second Climate-Related Disclosures. The report highlights the insurance industry’s unique exposure to climate impacts and reinforces the urgent need for increased...
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NZI has acquired an ownership stake in Initio, a New Zealand-based Insurtech, with plans to leverage its proven digital platform and establish a broker dedicated NZI personal lines agency. Garry Taylor, Executive General Manager...
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Arthur J. Gallagher & Co. has completed its takeover of AssuredPartners, describing the deal as a merger of two entrepreneurial and client-focused cultures that will support expansion across multiple business lines and regions....
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Insurers adapt to increased claims and market uncertainty
The Reserve Bank of New Zealand (RBNZ) has highlighted that financial stability risks remain elevated, citing a combination of global and domestic factors that continue to influence the country’s financial system. Governor...
