Feature
The Reserve Bank of New Zealand is to beef up its regulatory enforcement of the banking and insurance sectors with a new compliance unit. The new arm will look "to promote confidence in compliance across regulated sectors"...
Opinion
For as long as there are insurance products, there will be fraudulent claims. This seems certain. We revisit the law relating to fraudulent claims and draw attention to one recent development in this area. Historically, there ...
Feature
With quarter of a million mental health-related workplace insurance claims ac...
The time for taking mental health in the workplace seriously has passed. It is now vital for employers to be taking active action on addressing the mental health challenges their workforce faces. Why? Because of the prevalence of f...
Feature
PSC Connect held their very successful inaugural NZ conference at the QT Queenstown earlier in May with over 130 delegates attending what was one of the first industry conferences held since Covid-19 hit NZ shores. PSC Connect NZ...
Humans of NZI
Meet NZI’s new EM Operations and Governance, Nancy So
Driving positive change through good processes and creative thinking has always motivated Nancy So, who has recently been promoted into the new role of executive manager operations and governance for NZI. Born in Guyana in...Feature
By Mark Taylor Chartered Loss Adjuster, Major & Complex Loss (MCL) Global Pr...
Bushfires are a foreign disaster for New Zealand. Although there have been wildfires in the past, none have been as intense as the recent cases in Australia. The climate in New Zealand is different, and the land isn’t expansive...Feature
When is a broker obliged to clarify terms with the underwriter? By Andrew Ho...
The English High Court repeated the question “Why take the chance, why not just do it?” when assessing whether an insurance broker, Edge, was obliged to clarify unusual policy terms with underwriters in order to protect...Feature
Andrew Horne and Nick Frith, Minter Ellison Rudd Watts
Class actions, which under our current rules, are representative actions, are now firmly part of the New Zealand legal landscape. They are also of significant interest to insurers, both in terms of their own potential exposure (e.g....Feature
Dinesh Murali is the chief executive and managing director of Kiwi underwrite...
Tell us about your career so far and how long you’ve been in the insurance market? I’ve been in the insurance business – wholly in New Zealand - for around 15 years. I actually got into the game by accident: I...Feature
More than two months into the new regulatory regime, how have brokers coped w...
The Financial Services Legislation Amendment Act 2019 (FSLAA) came into effect on 15 March, marking a major change for insurance brokers and the wider financial advice sector. The changes were designed to improve financial advice...
