Feature
The Reserve Bank remains dedicated to enhancing engagement with the industry, modernising its regulatory framework and approach, and embedding deeper insurance expertise within its leadership. Deputy Governor Christian Hawkesby has...
Feature
On 28 February 2025, the Supreme Court of New South Wales fined Allianz Australia Insurance Limited (‘Allianz’) AU$13.5 million and AWP Australia Pty Ltd (‘AWP’) AU$3.3 million for making false or misleading stat...
IBANZ Forum
QUESTION: We have a client who has caused damage to a client's ceiling and is looking to claim for this. Unfortunately the affected property has asbestos in the ceiling. The insurer is suggesting that there may not be cover due...
IBANZ Forum
QUESTION: Insured lost phone and lodged a claim for it. The insurer took over two weeks to lodge and review it. Because it is a phone and was for work purposes, the insured had to buy one ASAP, which they did for $999. The...
FSCL Case Study
What happened? In May 2024, Sam* and Anna* travelled to New Caledonia for a two-week holiday. They had a complimentary travel policy as a feature of their credit card. The policy was underwritten by an insurer. Sam and Anna paid...
Feature
Corporate leaders face increasing scrutiny
A new report on the directors’ and officers’ (D&O) insurance market has highlighted increased regulatory scrutiny, growing litigation risks, and shifting market dynamics as key themes for 2025. The Global Insurance...Feature
A new version applying to all qualifying crashes takes effect from June 2025 ...
The effect of the Agreement Motor Insurance customers need to be aware of an agreement between many vehicle insurers operating in New Zealand known as the Knock For Knock Agreement. This Agreement has been in place and...Feature
Statutory liability insurance covers claims arising from a potential unintentional breach of a statute. While the Health and Safety at Work Act is probably the most familiar example, claims arising from a range of statutes...
SPOTLIGHT ON
Feature
Ensuring a pipeline of appropriately skilled financial services practitioners...
One of the keys to achieving this is ensuring that industry training programmes are fit for purpose and properly prepare those wanting to enter or progress in the industry in ways that are realistic and relevant. The NZ...
