Digital

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AI’s growing role in insurance spurs regulatory...

The swift development of AI has resulted in the increasing integration of AI technology in insurance claims management and insurance underwriting. In certain cases, AI has been used by insurers to streamline administrative work to ...

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Market update shows premium increases slowing

Gallagher New Zealand’s latest market update signals a trend toward a softer commercial insurance market, following an extended period of premium growth. The report, released in November, indicated that premium hikes are tape...

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Report explores the potential for historic loss...

Willis Towers Watson (WTW) has released a new report exploring the potential for historic loss data to help financial institutions narrow gaps between perceived and actual operational risks.  Part of the firm’s 'Brid...

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73% of small businesses concerned about cyber s...

Recent research from insurer AMI shows that 73% of small business owners are concerned about cyber security, and one in four say they’ve been affected within the last two years. Despite that concern, more than half of...

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Insurers concerned about data compliance: Gall...

Data privacy and security compliance were identified as the primary concerns of 75% of global insurers and 83% of their New Zealand and Australian counterparts, according to a Gallagher Bassett survey.  The claims and risk...

Advertorial

Protecting businesses with smarter cyber insurance

Cyber-attacks are on the rise and it’s not only big businesses that are affec...

In New Zealand, CERT NZ 1 responded to 1,530 cyber security incidents in the first quarter of 2024, which resulted in $6.6m direct financial loss. And if you think having cyber security measures in place affords enough protection,...

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IAG New Zealand signs with Google Cloud

IAG New Zealand has signed a multi-year agreement with Google Cloud to help it deliver a more efficient customer experience. The agreement, which builds on an existing partnership, will see Google Cloud's data and AI...

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CrowdStrike outage to have limited impact on in...

The global insurance and reinsurance industry is expected to avoid major financial repercussions from the internet service disruption caused by a faulty security software update from CrowdStrike, according to Fitch Ratings. ...

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The power of perspective: Five top takeaways fr...

The Marsh McLennan Global Risks Report 2024 captures insights from nearly 1,500 business leaders and experts worldwide, providing a short-, medium- and longer-term perspective on unfolding risk to help organisations make informed,...

Live News

Emergence upgrades cyber insurance policy

Cyber specialist underwriting agency Emergence NZ Limited has launched a major upgrade to its key product’s policy wording. The revamp to Emergence’s Cyber Event Protection policy, marketed to brokers as CEP-005,...

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