Need for enhanced consumer protection emphasised
Commerce and Consumer Affairs Minister Andrew Bayly has announced the introduction of the Contracts of Insurance Bill. The bill aims to modernise the insurance industry to improve consumer protection and sta...A hearing is underway in the Auckland District Court in relation to charges brought under the Health and Safety at Work Act 2015 (the HSW Act) against the former chief executive of Ports of Auckland Limited (POAL), Tony Gibson. This cas...
Crown entity noted several light quakes that have led to over 18,000 reports
The Earthquake Commission (EQC) Toka Tū Ake is urging homeowners to make necessary safety checks and improvements to protect their properties and families following recent seismic events across New Zealand’s North Island. &nb...
Insurers urged to work with governments, home buyers, and lenders
The Insurance Council of New Zealand (ICNZ) has endorsed findings highlighting the need to enhance understanding of natural hazard risks in New Zealand. The endorsement follows the Reserve Bank of New Zealand’s...Need for proactive risk management emphasised
Insurance premiums for residential properties in New Zealand are increasingly reflecting detailed risk assessments, particularly in terms of flood and earthquake threats, according to the Reserve Bank of New Zealand (RBNZ). ...Importance of travel insurance emphasised
A dengue fever outbreak in Samoa has led New Zealand’s Ministry of Foreign Affairs and Trade (MFAT) to issue a health advisory for New Zealanders traveling to or residing in Samoa. In March, the Samoan Ministry of...How is the sector handling the talent shortage?
Talent attraction remains among the most pressing challenges in the insurance industry today. Organizations are proactively seeking to fill roles left by an increasing number of retiring skilled...Segment growing increasingly worried over social inflation, CEO says
Reinsurers are increasingly exerting pressure on casualty and liability insurers due to concerns about social inflation, WR Berkley Corp president and chief executive officer W. Robert Berkley Jr said. In a report from..."Not from one year to the next, but over an enduring future"
As the captive insurance industry reflects the years marked by significant global uncertainties, the emphasis on transitioning from reactive to strategic risk management has never been more critical. This shift is being...Your cover for a horse?
“Our more specialist areas include equine and livestock,” said Andrew McMellin. “It's a pretty small market worldwide, frankly.” McMellin is Markel’s London-based managing director...
