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Opinion

Financial advice disclosure - issues for insura...

By Crossley Gates

On June 22, the Governor-General made by Order in Council the Financial Markets Conduct (Regulated Financial Advice Disclosure) Amendment Regulations 2020. They require financial advisers (including insurance brokers/advisers) to d...

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Suncorp offers support to customers

Suncorp New Zealand reported a $2 million profit drop in the year to June. The New Zealand arm of the insurance company announced a net profit after tax (NPAT) of $259 million, down from $261 million a year earlier. The result...

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Insurers can help world recover from Covid

Lloyd’s, the world’s insurance and reinsurance market, says there are a number of ways the insurance industry could fast-track global economic and societal recovery from the far-reaching impacts of Covid-19. These inclu...

Humans of NZI

NZI’s own home brewing ironman

What started as a school project on insurance has transformed into a long-sta...

  "I’ve got an inquisitive mind and I didn’t understand what insurance meant back then. That fuelled a big interest for me, as the more I read about it, I wanted to learn more."  Chris...

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CoFi heralds a new era for insurers

The Conduct of Financial Institutions Bill is set to change the way insurers ...

In September last year, consumer affairs minister Kris Faafoi unveiled plans for a new conduct regime for the financial services sector. The reforms, launched off the back of Australia’s damaging Royal Commission into financial...

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Lloyd’s warns intangible assets at risk

Intangible assets are an increasing proportion of companies’ balance sheets, already accounting for as much as 85% of the total business value across industries according to estimates. With the acceleration of digital business...

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After Covid, what next?

The pandemic has changed the way we distribute insurance. Now it’s for the in...

The Covid-19 crisis has profoundly affected the insurance world. Physical distancing and other lockdown measures have already shifted activities once considered critical to conduct in person to online. This change will affect...

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Suncorp first to adopt renewable energy project

Suncorp New Zealand is the first New Zealand insurer to adopt Meridian Energy’s 100% Certified Renewable Energy product.  As of July 1, nearly 100% of Suncorp New Zealand’s electricity will be...

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Vero launches risk profiler tool

A new risk profiler tool developed by Vero has put risk assessment at the top of the to-do list for small and medium sized enterprise owners (SMEs) and their insurance brokers.  Recent research shows 71% of SMEs want...

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IAG’s Craig Olsen to become ICNZ president

IAG chief executive Craig Olsen is taking over from Paul Smeaton as president of the Insurance Council. Smeaton has returned to Australia to take a senior role with Suncorp. “I want to acknowledge Paul’s valuable...

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