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Industry disruptors say brokers are needed

Those insurance industry disruptors known as insurtechs are more than happy to coexist with brokers. A decade ago, many brokers probably felt threatened by the first wave of insurtechs. These young firms with their advanced digitis...
Underwriting agency sector poised for growth

Australia’s underwriting agency sector is poised to see rapid growth because agencies are increasingly taking on some risks that general insurers “will no longer accept,” according to a recent white paper from insurtec...
Insurers respond to 2021 lockdown

Auckland is set to remain in lockdown for at least another week, and although an ‘in principle’ move down alert levels has been scheduled for midnight on Tuesday, a move towards a more ‘normal’ Alert Level 1 stil...
RBNZ seeks feedback on policyholder security

The Reserve Bank of New Zealand is seeking feedback on its insurance policyholder security consultation, which discusses whether policyholders are being given adequate protection under the current legislation. The consultation is...
Financial scams spike since pandemic

The Financial Markets Authority ( FMA ) has warned New Zealanders about three types of scams that have become more common since the start of the COVID-19 pandemic. FMA recorded 158 complaints about investment scams and fraud for...
BI test case hearings conclude

Lawyers have put forward final arguments to conclude eight days of hearings in the Insurance Council of Australia (ICA) second business interruption test case related to COVID-19 cover. Justice Jayne Jagot this afternoon reserved...
A centralized international insurance program

Expanding into a new market is a huge risk for virtually any business, with many firms likely to encounter various perils and difficulties. This is especially true in today’s volatile business environment, further complicated by...
Te Wiki o Te Reo Māori

Aotearoa New Zealand is celebrating Te Wiki o Te Reo Māori - Māori Language Week - from September 14-20, and New Zealand’s insurers are encouraging their employees to normalise the use of te reo in their working day - from emails...
COVID-19 influence on risk management

With the risk landscape changing rapidly across every area - from cybersecurity to natural disasters  public health, staffing and business continuity - having a solid risk management strategy has become a vital part of running a...
Insurance sector - change fatigue

Insurers have made some significant changes to their businesses off the back of the COVID-19 pandemic, but another side effect may be starting to emerge in staff - one of burnout and ‘change fatigue.’ Commenting on the...

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