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On 6 May 2025, the Reserve Bank of New Zealand (RBNZ) published the results from its 2024 General Insurance industry stress test. The purpose of the stress tests was to assess the insurance industry’s ability to respond in the sit...
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Time is ticking for the insurance industry to get ready for the implementatio...
The Contracts of Insurance Act is a new consumer protection law that repeals five Acts currently in force and increases the obligations on brokers and insurers. Speaking to a recent professional development seminar for membe...SPOTLIGHT ON
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Associate Finance Minister David Seymour has confirmed that a review of the f...
In an interview with CoverNote that occurred against a backdrop of a state of emergency in Christchurch, Wellington battling wind gusts of up to 150kmph and the MetService issuing a rare red weather warning, Minister Seymour outlined...SPOTLIGHT ON
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IBANZ plays a strategic role in shaping New Zealand's insurance legislation
In the ever-evolving landscape of insurance and financial services in New Zealand, the Insurance Brokers Association of New Zealand (IBANZ) plays a pivotal role in defending its members’ interests through making submissions on...Feature
The effect of a recent High Court judgment is that insurers can no longer rel...
John Knight and Scarlet Roberts from Chapman Tripp summarise the effects of Pearce v Toka Tu Ake Natural Hazards Commission [2024] NZHC 623 The High Court has clarified how to calculate time limitation periods for claims...Feature
Can compulsory building reports save insurers millions?
A Christchurch-based building consultant says the property insurance model is “flawed” and building reports that are both compulsory and detailed would significantly reduce the costs and risks faced by insurers, consumers...Insurance Council News
The Insurance Council of New Zealand | Te Kāhui Inihua o Aotearoa (ICNZ) has released its annual review for 2024. “2024 has been an important year for insurance even as New Zealand experienced fewer major events, ” ICNZ...
Insurance Council News
One in two New Zealanders believe the Government should invest more to protect people and properties from extreme weather events, according to a new survey. Commissioned by the Insurance Council of New Zealand | Te Kāhui...
Insurance Council News
One in five New Zealanders has switched insurance providers in the last two years, according to a new survey. Commissioned by the Insurance Council of New Zealand Te Kāhui Inihua o Aotearoa (ICNZ), the survey found 20% of...
