reinsurance
Natural hazards abound in New Zealand and insurance premium costs are rising, so would a broader range of insurance products be useful?
13th Dec 24, 5:00am
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Natural hazards abound in New Zealand and insurance premium costs are rising, so would a broader range of insurance products be useful?
Natural Hazards Commission says the current natural hazards insurance levy is ‘insufficient’ and would need to be 50% higher to break even
4th Dec 24, 7:26am
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Natural Hazards Commission says the current natural hazards insurance levy is ‘insufficient’ and would need to be 50% higher to break even
Falling house prices will be the most tangible sign climate change is driving an insurability crisis that disrupts wider financial stability, Andrew J. Hoffman says
22nd Nov 24, 10:12am
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Falling house prices will be the most tangible sign climate change is driving an insurability crisis that disrupts wider financial stability, Andrew J. Hoffman says
Reserve Bank’s latest financial stability report says risk-based insurance pricing is a continuing trend and high-risk properties may see further increases
5th Nov 24, 11:17am
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Reserve Bank’s latest financial stability report says risk-based insurance pricing is a continuing trend and high-risk properties may see further increases
ICNZ opposes UK-style flood reinsurance scheme for NZ, saying it could send the wrong signals
24th Oct 24, 6:37am
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ICNZ opposes UK-style flood reinsurance scheme for NZ, saying it could send the wrong signals
In a new Of Interest podcast episode, John Lyon explains why it's hard to judge insurers' finances on a year by year basis, and why NZ's risk profile is the most significant barrier to enter the local insurance market
1st Oct 24, 4:41pm
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In a new Of Interest podcast episode, John Lyon explains why it's hard to judge insurers' finances on a year by year basis, and why NZ's risk profile is the most significant barrier to enter the local insurance market
IAG NZ Chief Executive Amanda Whiting says insurer’s annual results showing $4.1 billion in gross written premium and $500.7 million in insurance profit ‘just demonstrate the sustainable outcome’
22nd Aug 24, 8:30am
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IAG NZ Chief Executive Amanda Whiting says insurer’s annual results showing $4.1 billion in gross written premium and $500.7 million in insurance profit ‘just demonstrate the sustainable outcome’
Suncorp NZ boss Jimmy Higgins encouraged by Parliament's cross-party climate inquiry but says reinsurer appetite won't improve until NZ has plans in place to tackle future natural hazard risks
20th Aug 24, 1:00pm
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Suncorp NZ boss Jimmy Higgins encouraged by Parliament's cross-party climate inquiry but says reinsurer appetite won't improve until NZ has plans in place to tackle future natural hazard risks
Insurance Council tells Parliament’s Finance and Expenditure Committee natural hazard events are affecting global reinsurers’ view of NZ
16th Jul 24, 12:57pm
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Insurance Council tells Parliament’s Finance and Expenditure Committee natural hazard events are affecting global reinsurers’ view of NZ
Toka Tū Ake EQC secures a record $9.2 billion in reinsurance coverage, almost $1 billion more than last year's reinsurance cover
6th Jun 24, 5:00am
5
Toka Tū Ake EQC secures a record $9.2 billion in reinsurance coverage, almost $1 billion more than last year's reinsurance cover
Could insurers afford a Canterbury-sized earthquake in Wellington? ICNZ’s departing CEO Tim Grafton says it raises ‘some questions’ around reinsurance affordability
5th Apr 24, 7:42am
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Could insurers afford a Canterbury-sized earthquake in Wellington? ICNZ’s departing CEO Tim Grafton says it raises ‘some questions’ around reinsurance affordability
New Zealand needs reinsurance. Does the reinsurance market need New Zealand?
Minister of Commerce and Consumer Affairs Andrew Bayly says making New Zealanders wealthier is a key step towards good insurance outcomes
7th Mar 24, 11:18am
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Minister of Commerce and Consumer Affairs Andrew Bayly says making New Zealanders wealthier is a key step towards good insurance outcomes
Toka Tū Ake EQC’s chief financial officer says $225 million catastrophe bond is ‘complementary’ to traditional reinsurance methods
28th Feb 24, 7:42am
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Toka Tū Ake EQC’s chief financial officer says $225 million catastrophe bond is ‘complementary’ to traditional reinsurance methods
Suncorp NZ’s CEO says central government needs to lead on climate adaptation because attempts made by private industry will be seen as ‘profit driven’
27th Feb 24, 9:05am
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Suncorp NZ’s CEO says central government needs to lead on climate adaptation because attempts made by private industry will be seen as ‘profit driven’
Climate disasters haven’t shrunk Munich Re’s risk appetite but the reinsurance giant says industry level change is needed to combat growing number of climate crisis events
9th Feb 24, 9:00am
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Climate disasters haven’t shrunk Munich Re’s risk appetite but the reinsurance giant says industry level change is needed to combat growing number of climate crisis events
Insurance Council says about three quarters of the $3.6 billion of claims for the massive weather events earlier this year have now been paid
12th Dec 23, 9:35am
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Insurance Council says about three quarters of the $3.6 billion of claims for the massive weather events earlier this year have now been paid
Insurer Tower says it faced significant challenges this financial year, but its underlying result 'demonstrates resilience and strategic delivery' that positions the company well for long-term sustainable growth and performance
23rd Nov 23, 11:00am
5
Insurer Tower says it faced significant challenges this financial year, but its underlying result 'demonstrates resilience and strategic delivery' that positions the company well for long-term sustainable growth and performance
Insurer Tower says inflation, motor crime and supply chain issues continued to worsen over the third quarter of its financial year to September
19th Jul 23, 10:11am
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Insurer Tower says inflation, motor crime and supply chain issues continued to worsen over the third quarter of its financial year to September
Insurance Council says a little over a third of claims have so far been paid out for the twin weather events early this year; warns some claims could take over a year to settle
22nd Jun 23, 10:34am
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Insurance Council says a little over a third of claims have so far been paid out for the twin weather events early this year; warns some claims could take over a year to settle
[updated]
New Zealand’s current account deficit shrunk to 8.5% of GDP in the first quarter of 2023
14th Jun 23, 11:13am
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New Zealand’s current account deficit shrunk to 8.5% of GDP in the first quarter of 2023
Mother Nature may always win but we can prepare for and respond to extreme weather more innovatively and realistically, Tower's Blair Turnbull says
13th Jun 23, 1:37pm
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Mother Nature may always win but we can prepare for and respond to extreme weather more innovatively and realistically, Tower's Blair Turnbull says
Why insurance companies are pulling out of California and Florida, and how to fix some of the underlying problems
12th Jun 23, 12:36pm
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Why insurance companies are pulling out of California and Florida, and how to fix some of the underlying problems
Tower posts half-year loss, won't pay interim dividend, says it has strong reinsurance cover
25th May 23, 10:42am
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Tower posts half-year loss, won't pay interim dividend, says it has strong reinsurance cover
Tower says the Auckland Anniversary Weekend flood may now cost as much as $225 million, while it says it won't be paying a half-year dividend to shareholders
8th May 23, 10:23am
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Tower says the Auckland Anniversary Weekend flood may now cost as much as $225 million, while it says it won't be paying a half-year dividend to shareholders