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Statutory liability insurance covers claims arising from a potential unintentional breach of a statute. While the Health and Safety at Work Act is probably the most familiar example, claims arising from a range of statutes ca...
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Ensuring a pipeline of appropriately skilled financial services practitioners...
One of the keys to achieving this is ensuring that industry training programmes are fit for purpose and properly prepare those wanting to enter or progress in the industry in ways that are realistic and relevant. The NZ Cert...Feature
Economic losses from natural disaster events reached $368 billion in 2024, driven by Hurricanes Milton and Helene, severe convective storms in the U.S., and flooding across Europe. These events demonstrate the critical role of adap...
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Geopolitical uncertainty is the primary driver of emerging threats for banks and insurers, according to the 2025 ORX Horizon and Cyber Horizon reports. The reports, based on input from 47 global financial services firms, ranked...
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The Bay of Plenty seaside suburb of Papamoa was recently crowned Trade Me’s ‘choicest suburb’ , but the Insurance Brokers Association of New Zealand (IBANZ) is concerned an insurance exposure impacting some...
Humans of NZI
NZI’s Manager, Partner Governance Risk and Performance, Sarah Latch, has built her career on a foundation of relationships, resilience and a drive to make a difference. With a career spanning life insurance,...
IBANZ Forum
QUESTION: My client has a dispute with a customer so raised a small claims tribunal action within the $30,000 limit. The customer has counter-claimed for $50,000 which, being outside small claims, I presume now becomes a civil...
IBANZ Forum
QUESTION: When we get a new valuation for a building, it usually has the sum insured amount broken down: Reinstatement Cost Estimate and Inflationary Provision Demolition Cost. As a brokering practice, we use 50% adjustment on...
IBANZ Forum
QUESTION: I'm dealing with a complex situation involving a commercial property owner. The owner recently obtained a valuation on their property, which has come back effectively doubling the previously insured value. Despite...
