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ANZIIF unveils 2024 Industry Award Winners

Event honoured achievements of companies and individuals.

The Australian and New Zealand Institute of Insurance and Finance (ANZIIF) has announced the winners of its 12th annual New Zealand Insurance Industry Awards, honouring achievements across a broad range of categories within the sector. ...
NZ's impact on global disaster insurance?

Initiatives as climate change boosts natural hazards Initiatives a...

The Natural Hazards Commission (NHC) has highlighted New Zealand’s expertise in natural disaster risk pooling, drawing international attention.   As the world’s first country to implement such a scheme in 1945...
Industries hardest hit by economic slowdown

Employment has fallen over the last year, as businesses across New Zealand have seen lower sales and falling business activity, and moved to right-size their workforces for the work on offer. But the fall in employment hasn’t been...
NZ fleets grapple with distracted driving risks

Top culprit identified

A survey conducted by Teletrac Navman, a global provider of connected mobility solutions, has found that 70% of fleet operators report incidents stemming from distracted driving.   Mobile phone use was identified by 68%...
AI board oversight: risks and opportunities

Key ethics & risk framework inquires help align AI initiatives with goals

As artificial intelligence (AI) technologies continue to gain traction in business, corporate boards face increasing pressure to oversee AI adoption responsibly.   Experts from Grant Thornton and industry specialists...
Cyber insurance margins pressured by soft rates

Market maturity and competition drive insurers to refine risk strategies

The global cyber insurance and reinsurance market is projected to sustain its profitability through 2025, according to insights from S&P Global Ratings.   The firm's stable outlook for the sector is anchored on...
APAC struggle with emerging risk preparedness

Report outlines main factors shaping risk landscape

A majority of risk leaders in the Asia-Pacific (APAC) region are uncertain about their organisations’ preparedness for emerging risks over the next decade, according to findings from WTW’s Emerging and Interconnected Risks...
Report highlights secondary perils' rise

New climate risks push insurers to rethink strategies

S&P Global Market Intelligence has released a new report detailing the growing impact of climate change and extreme weather on the global insurance industry. The report, titled Evolving Natural Catastrophe Risks, is part of S&P...
Court backs Chubb in D&O dispute

Chubb has won a $4.5 million directors’ and officers’ claim dispute after a court found the former CEO of fleet hire company Orix failed to disclose knowledge of alleged bribes connected to customers.   The...
Suncorp warns of lithium-ion battery fire risks

Risks highlighted as Black Friday prompts increased electronic device purchases

Suncorp Group and Queensland Fire and Emergency Services (QFES) are cautioning consumers about the growing number of fires caused by lithium-ion batteries, particularly as Black Friday sales prompt increased purchases of electronic...

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