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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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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
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 ha...
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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
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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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...Feature
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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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 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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IAG today provided an update on its results for the year ended 30 June 2020 (FY20), within which it expects to report: Gross written premium (GWP) growth of around 1%, consistent with the ‘low single digit’ guidance...
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New research released by Vero Insurance this week shows nearly two thirds of New Zealand’s small and medium enterprise owners and decision makers (SMEs) want insurance advice following the Covid-19 crisis. Most wanted...
PIQ College
Going back to ‘normal’ may not be as easy as you expect By Rod Severn
I need to practice social distancing…from my refrigerator! Here at the Professional IQ College we used to only worry about Level 5. Now we have a whole new range of levels to be concerned about. Still, most...Ask an Expert
Question... A tap was left on in a commercial building. Flooding caused saturated carpets and damage to walls and skirting boards. The LA is suggesting split the cost 50/50 as the tenant is responsible for the carpet per...
Ask an Expert
Question... We have a claim with significant damage, but not yet looking like a total loss, on a six-month-old digger. While the repairs are being undertaken by the official manufacturer, they are saying that the repairs will...
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Question... My clients have recently separated, and their house and contents policies are in joint names. One party has moved out into another jointly-owned home. The separation, after many years of marriage, is far from...
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