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Brokers role in the cyber battle

A cyber insurance expert is cautioning brokers not to just measure an insurer on the cost effectiveness of their cyber coverage. “Look at the services they provide and their incident response capabilities. Brokers and insured...
'Ambitious' plan to turn business around

IAG has set out what analysts have described as an “ambitious” five-year program to revitalise the business, after past lapses caused the insurer to report a $427 million net loss in the last financial year. Last week C...
RiskNZ's "great opportunity" to keep learning

This article was produced in partnership with RiskNZ. Insurance Business sat down with David Turner, managing director of RiskNZ, to discuss the inaugural Risk & Resilience New Zealand Summit happening next year. “If yo...
Regulations toll on financial advisers

Early results of AIA NZ’s financial adviser wellbeing survey show government regulations have hit those working in the sector hard with more than half the respondents finding it stressful complying with the new regulatory...
Lloyd's focus areas for 2022

“Our overarching goal is to facilitate the Lloyd’s market to be the preeminent corporate and specialty insurance and reinsurance market in the world.” That’s how Patrick Tiernan, Lloyd’s chief of markets,...
HDI Global Specialty in NZ

This year has meant a number of things for many of us, from renewed worries about the pandemic to changes in both our professional and personal lives. For  HDI  Global Specialty SE (HDI), 2021 marked an important milestone...
Insurer challenges in 2022

With the year drawing to a close, it’s fair to say that the insurance sector has been through a period of significant change - and it isn’t over yet, as the 2022 regulatory schedule is already looking very busy. While...
Broker strategies to fight direct insurance

For more than a decade, brokers have faced increasing competition from insurers establishing direct channels with consumers. Directly sold products traditionally include car, property, contents, private health and life insurance. As...
2021 catastrophe losses released

Extreme weather events in 2021 – including a deep winter freeze, severe thunderstorms, floods, heatwaves and a major hurricane – resulted in annual insured losses from natural catastrophes of an estimated US$105 billion...
Strengthening the three lines of defence

Today’s rapidly evolving risk environment has drawn significant attention to the importance of robust risk management and insurance in protecting organisations from increasingly volatile situations. According to Bernhard...

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