At the tail end of a challenging year for the insurance industry, the Australian and New Zealand Institute of Insurance and Finance ( ANZIIF ) celebrated the remarkable work done and talents that shone over the last 12 months at the 11t...
After years of financial pain, the world’s reinsurers have managed to improve their balance sheets. John Carroll said global reinsurers’ 2023 financial results are “real positives for the industry.” However,...
The latest Insurance Marketplace Realities report by WTW indicates that inflation is impacting commercial insurance rates. Most coverage lines are experiencing price increases, primarily in the single digits, with the proper...
New Zealand consumers are spending less per person after adjusting for inflation as high interest rates and rising prices reduce purchases of luxury items and other discretionary goods. Retail sales volumes slowed to NZ$4,811 per...
In its latest Wild Weather Tracker report for November 2023 , IAG laid out insurance data for weather-related claims during the six months between March and August across all its brands. These include AMI , ...
A recent report by the Sustainable Business Network (SBN) delves into the integration of sustainability practices within New Zealand's corporate sector, drawing on interviews conducted with senior executives from nearly 30 diverse...
Data from the World Economic Forum reveals that economic and societal challenges, including economic downturns, inflation, and diminishing social cohesion, are considered the most significant risks in G20 nations over the next two...
The High Court has ordered Medical Assurance Society New Zealand Limited (MAS) – the mutual society that owns insurers Medical Life Assurance Society and Medical Insurance Society – to pay a discounted penalty worth $2.1...
Rates across most commercial lines are still rising but the pace of increase is weakening, actuarial firm Finity told its insurance clients at a webinar this month. “We expect the higher rate increases to be more...
David Walsh and Graeme Newman, cyber specialist CFC’s Group and Underwriting CEOs, are leaving the business after a Lloyd’s investigation into allegations of non-financial misconduct at the company. Mr Walsh...
