The insurance professionals online magazine
FSCL Case Study
Chris owned a small furniture business. He purchased a range of business insurance policies through a broker. One of the policies Chris purchased gave him cover for natural disasters. But when the broker sent Chris the insurance do...
Live News
It is becoming clearer what it will cost to take out a license to provide financial advice under the new legislative regime. Anyone giving advice under the new rules must work for a licensed financial advice provider. That could be...
Feature
By Lou Draper
People said social media marketing for business would be an enormous fad. A waste of time and energy, and if it did take off, it would be something to entertain the kids, but not much else. Twenty years on however, social media for...
Live News
State Insurance responded to 1300 Roadside Assistance callouts across the country just over the Christmas and New Year period. Almost half of those were related to the vehicle battery. The most common problem was batteries being...
IFSO Case Study
A family trust owned a house. The trustee of the trust was a trustee company. The directors were a couple and the woman’s mother. The trustee company arranged insurance for the house through its financial...
IBANZ Forum
Question... In a situation where an insurer makes an ex-gratia payment to their client under a material damage policy, does the insurer still obtain the right to subrogated recoveries against a liable third party?...
IBANZ Forum
Question... Our client has had one rim damaged after a stone was lodged between the brake calipers and the rim. The client has not been able to buy the same rim as they have been discontinued so has had to purchase a brand new...
Live News
The Insurance Council of New Zealand has welcomed Local Government New Zealand’s (LGNZ’s) report into sea-level rises around the country, saying that the billions of dollars of local government assets identified in the...
IBANZ Forum
Question... Our client purchased a contract works insurance policy for a 12-month period to cover some major alterations they were doing in their home. Included in the contract works policy was cover for the existing structure....
Feature
Nicholas Moss, director, financial services audit, KPMG
The 2018 KPMG Global Chief Executive Outlook, which surveyed 1300 chief executives, including 50 New Zealand chief executives, found that eight-in-ten insurance chief executives believe they are now meeting (or even...
