Opinion
By Crossley Gates
There are two pieces of legislation that directly govern the legal relationship between insurers and intermediaries: Insurance Intermediaries Act 1994 and section 10 of the Insurance Law Reform Act 1977. The Insurance Inte...Insurance
Brokers can forge an advantage with commercial property developers by offering faster and simpler insurance for their projects. Developers embarking on new projects are on the stressful incline of a potentially risky ride. ...
Insurance
By Dylan Marsh
Consider that, in 2012, there was a cost of 31c for every dollar of net premium earned. By 2016, this had risen 14% to 35c – an increase of $180 million for the industry. At the same time, the insurance industry faces...Insurance
By Rebecca Sellers
In May 2017, the results of New Zealand’s latest financial health check were published. The International Monetary Fund (IMF) found that New Zealand did not meet international standards for regulating intermediaries or...Insurance
As the most experienced in-house commercial motor repair insurance team in the country, the NZI Commercial Motor Repair Management team use their expertise to get customers back on the road again, faster. “After a...
Insurance
The review of the Insurance (Prudent Supervision) Act 2010 is progressing in ...
In a recent Feedback statement, the RBNZ indicated that the 42 submissions received gave rise to a number of issues that would be the subject of ongoing attention and consideration over the next 12 - 18 months. The...Feature
By Richard Godman
U ntil recently, most New Zealanders’ lives had well-defined boundaries that made it easier for insurers to assess and price risk. But the sharing economy is changing the way we use our assets and belongings –...IFSO Case Study
Colin* arranged life and trauma cover with the help of financial adviser Fred*. Fred and Felicity*, a mutual friend, completed the application on Colin’s behalf. When Colin required a coronary angiogram, he made a claim...
IFSO Case Study
Donald*, a financial adviser, met with Mr and Mrs Jones* to review their life and trauma cover. They were concerned about increasing premiums and asked Donald if they could have a policy with level premiums. Donald provided a quot...
