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A climate change poll conducted by AMI, State and NZI Insurance has revealed that a significant majority of New Zealanders want increased efforts to mitigate the impacts of climate-related hazards. The survey, which is in i...
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Data from the Treasury revealed that a quarter of homes in high-risk flood zones are paying hundreds or thousands of dollars in additional premiums. In just 18 months, insurance premiums across New Zealand have risen by almost 30%,...
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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, da...
FSCL Case Study
In 2012 Henry* bought his first house and asked an insurance broker to arrange house insurance. The broker corresponded with Henry using his work email address, but the email address on the insurance application form was different....
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Suncorp NZ reported a small increase in half-year profit, as premium income rose by 20%, but the group warned of likely increases to reinsurance costs. The NZ division of the Australian giant recorded a profit of $94 million for...
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Insurance Australia Group, the owner of State, AMI and NZI, included an extra A$250 million of drop-down cover for a New Zealand-specific second event as it announced its 2024 catastrophe reinsurance programme. The Australia-based...
Insurance
IAG has called for a change in approach to natural disaster management following last year’s devastating floods. The insurance group reflected on the one year anniversary of the North Island floods and Cyclone Gabrielle,...
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Nearly one in every ten homeowners has let their home insurance policy lapse due to high costs, according to a new study by Consumer NZ. The consumer body found that 8% of NZ homeowners have let their policy expire, blaming soaring...
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Brokers face one of the most challenging insurance markets in years, writes H...
In the early months of 2024, the New Zealand insurance market faces a series of structural shifts that will ask hard questions of all industry professionals. Consumers of insurance are looking to professionals to provide answers as...IBANZ Forum
QUESTION... Hi, I have a question from a client that has left me stumped! They have a sea wall - rocks piled in front of their property to keep soil back from the beach and stop the tidal action of waves from eroding the...
