The insurance professionals online magazine
Feature
The Auckland floods and Cyclone Gabrielle caused between $9 billion and $14.5 billion of asset damage, according to Treasury estimates. According to official forecasts, residential property damage will range between $2 billion and ...
IBANZ Forum
Question: We are seeing more and more construction contracts with high standard excesses [$100,000 plus] Who generally pays this excess or what mechanism is used to determine who pays it? This is particularly relevant...
Feature
The industry needs to do more to attract young people, writes Nick Cressey
The broking sector is in need of new blood right now. The old guard is quickly retiring, which leaves the door open to a new generation with the desire to succeed. In the past, the industry has faced challenges attracting young peo...
FSCL Case Study
In December 2020, Mike* asked his insurance adviser to arrange cover for a new car (“car A”) under his business insurance policy. The adviser replied asking Mike to confirm some details. Mike did not reply to the email, but...
Feature
IBANZ has revamped its professional status accreditations to raise standards ...
As the insurance industry continues to evolve, it’s vital that New Zealand brokers keep up with the latest developments and standards and demonstrate their professionalism. IBANZ has long recognised the need to support its...Feature
IAG New Zealand has appointed Catherine Drayton as a non-executive board member. Drayton is chair of Christchurch International Airport, Guardians of NZ Superannuation, Mint Innovation, and Connexa, and a board member for Genesis...
Feature
The summer’s extreme weather will have significant ramifications for the in...
When asked about the magnitude 6.3 earthquake that rocked the central North Island on 15 February this year, the Prime Minister, Chris Hipkins, said that he was looking out the window for a plague of locusts. Hipkins’...Feature
A nationwide survey conducted by AMI, State and NZI has revealed a significant portion of New Zealanders don’t know what their insurance would cover. The survey, conducted by market research agency Ipsos on behalf of the...
Feature
A UK case provides helpful guidance on insurance policy wording, writes Zoë ...
Brian Leighton (Garages) Ltd (BLG) operated a workshop and 24-hour petrol station in East Yorkshire. In June 2014, a sharp object pierced a section of pipe which connected an underground fuel tank to six of BLG’s forecourt...Feature
Suncorp New Zealand will offer new leave entitlements for employees undergoing gender affirmation. The company is providing six weeks of paid gender affirmation leave and up to 12 months of unpaid leave, giving employees time to...
