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The Insurance Council of NZ is encouraging consumers of insurance and community and consumer groups to have their say on the review of the Fair Insurance Code. The code sets standards for general insurers who are members of I...
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Deputy Prime Minister Winston Peters wants a state-owned insurance company. He said the country needed a domestic competitor because the insurance industry was dominated by international planners. "[We have] excessi...
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Youi has cut its New Zealand staff numbers by almost a third. The insurance company was fined $320,000 in December 2016 for misleading sales practices, after the Commerce Commission took it to court. But Michelle Le Long, Youi...
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Personal lines insurers could be expected to start offering more granular pricing, depending on property risk, an actuarial firm says. Melville Jessup Weaver released a report that looked at how insurers priced for earthquake,...
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About 20 Tower employees will be affected when the insurance company shuts its Christchurch office. The move will happen once its remaining earthquake claims are settled. A spokesman told media the company had planned to close...
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A member’s bill to introduce a legal timeline for insurance companies to assess and present a settlement offer to claimants has been added to Parliament’s ballot by Kaikoura MP Stuart Smith. “We’ve just...
IBANZ Forum
Employee or contractor? Question My client owns a transport company. One of their "employees" is employed on a sub-contracting basis, invoicing the company each month for his hours. He does not work for anyone...
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After ticking over five years since establishing in New Zealand PSC Connect h...
After ticking over five years since establishing in New Zealand PSC Connect has been a remarkable success story. With 35 Member Broker businesses throughout New Zealand dealing with $30mill GWP they continue to provide an outstanding...Stories
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Insurers on track Private insurers are on track to meet their target of having the majority of Kaikoura earthquake settlements complete by the end of the year, the Insurance Council of New Zealand said. They have fully...
