New targets and funding changes signal regulatory shift
The Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko – has published its 2025/26 Statement of Performance Expectations (SPE), outlining its regulatory goals and metrics for the upcoming financial year. ...The Financial Markets Authority (FMA) says the Conduct of Financial Institutions (CoFI) regime “is essential” for it and that the licensing process is complete for most providers with supervision and monitoring work now unde...
Policy shifts spark concern over future disaster exposure limits
Ongoing flood events across parts of the South Island have placed renewed attention on the government’s proposed changes to natural hazard and freshwater management policies. Environmental advocates are raising qu...
Policyholders urged to act safely and document all damage
Insurance providers across New Zealand have initiated support measures and started processing claims in the wake of severe weather events that recently affected parts of the upper North and South Islands. As emergency...Ombudsman warns of false info and policy confusion pitfalls
Two recent developments reviewed by the Insurance & Financial Services Ombudsman (IFSO) highlight ongoing challenges in the New Zealand insurance market – increasing disputes tied to policy misunderstanding and the...New guidance outlines evidence and legal time limit requirements
The Natural Hazards Commission Toka Tū Ake (NHC) has issued updated guidance to help Canterbury residents understand the requirements for reopening earthquake-related insurance claims, as questions continue more than a decade after the...Insurers face pressure as lithium batteries spark safety concerns
Lockton is advising New Zealand-based commercial property owners and retailers to adopt comprehensive fire risk controls as the volume of returned lithium-ion batteries continues to rise. With increasing use of these..."It's not always front of mind"
In New Zealand, some underwriters are reporting an increase in the uptake of title insurance. However, they say educating property market stakeholders about the coverage, including insurance brokers, can still be challenging....Despite a decline in the headline price inflation rate, a continued high level of withdrawals from KiwiSaver for financial hardship reasons suggests cost-of-living pressures are still being felt by some households. ...
How ready are executives for cyber breaches?
Beazley has released its latest Risk & Resilience report, highlighting a growing divergence between rising concern over cyber risks and confidence in organisational preparedness. The 2025 edition, titled Spotlight...
