The insurance professionals online magazine
Feature
The pandemic has changed the way we distribute insurance. Now it’s for the ...
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 insur...Feature
A new insurance organisation hopes to fill a gap in the market for underwriting agents. The New Zealand Underwriting Agencies Council has been set up to cater for what it says are underwriting agents’ unique issues and...
IBANZ Forum
Question: Once policy wordings have been issued to a client at (or before) the inception of the policies, is there a generally accepted frequency of how often they need to be re-issued? Is there a requirement at every rene...
PIQ College
What is education? E ducation is the process of facilitating learning, or the acquisition of knowledge, skills, values, beliefs, and habits. Methods can include teaching, training, storytelling, discussion, directed...
Feature
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...Feature
IAG has completed a review of its trial vehicle repair facility, Repairhub, which opened in East Tamaki, Auckland in November 2019. IAG executive general manager claims Dean MacGregor said the trial had been a success...
Opinion
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...Feature
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...
IBANZ Forum
Question: We have a MVI policy that has just entered its third year, and the customer has paid in full on three invoices. My customer has realised they are insured elsewhere also since inception and requesting to stay with the...
Feature
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...
