The insurance professionals online magazine
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...
Feature
Garry Taylor, executive general manager at NZI, reveals how businesses can mi...
If you’ve been following the news, you’ll know that ram raid attacks have left a path of destruction across Auckland in recent months. Multiple targets have been hit, with offenders becoming more and more brazen &...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...
IBANZ Forum
Question: The insured is a contract bottling company. That means they take other parties’ manufactured product and perform, under contract, the bottling and labelling of that product. Once the product has been...
IFSO Case Study
The sequence of disastrous events began innocently enough when Mr H* had a craving for steak and chips. For reasons unknown, he decided to cook his steak in a toaster. Having inserted the steak into his toaster and started the toasting...
FSCL Case Study
Simon* owns a small rental property in Christchurch and approached an adviser for help with insurance. The adviser gave Simon several policy options, one of which suited his needs. Simon took out the insurance and tenants moved in....
IBANZ Forum
Question: The Landlord has a meth claim. Insurer has accepted claim and paid a cash amount based upon a cleaning quote. Insured / Landlord has told us they will be keeping the money and not cleaning the property. The...
FSCL Case Study
Lucinda* was driving her BMW by a lake when she was caught up in flash floods. Water splashed up into the engine bay and into the computer systems at the rear of the car. After getting the car towed home, she asked her insurance co...
Feature
Global travel and health insurer PassportCard has launched a new product designed solely for digital nomads. The product is aimed at digital-savvy remote workers and equips customers with a PassportCard red credit card. If a...
Feature
Cyber insurance to protect against cyber bullying and other personal risks ha...
Q. Why is personal cyber protection insurance necessary? Laura Murray: Because, unfortunately, cyber-crime is on the increase globally, and the COVID pandemic has only served to worsen that. As more people work from home...
