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Insurance

New research funded by Natural Hazard Commission finds volcanic ashfall could impact hundreds of thousands of North Island homes, driving need for damage forecast model
23rd Sep 24, 2:53pm
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New research funded by Natural Hazard Commission finds volcanic ashfall could impact hundreds of thousands of North Island homes, driving need for damage forecast model
General insurer Tower concludes ownership review with no proposed changes on the chopping block and says the RBNZ has cut the insurer’s solvency margin from $15 million to $0
9th Sep 24, 11:55am
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General insurer Tower concludes ownership review with no proposed changes on the chopping block and says the RBNZ has cut the insurer’s solvency margin from $15 million to $0
Labour Party Finance Spokesperson Barbara Edmonds highlights critical role of insurance in New Zealand’s financial future as natural hazard risks increase and insurance premiums continue to rise
5th Sep 24, 11:57am
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Labour Party Finance Spokesperson Barbara Edmonds highlights critical role of insurance in New Zealand’s financial future as natural hazard risks increase and insurance premiums continue to rise
Is there enough competition in New Zealand’s general insurance market? The country’s two biggest general insurers, with the majority of the market, say yes
30th Aug 24, 10:40am
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Is there enough competition in New Zealand’s general insurance market? The country’s two biggest general insurers, with the majority of the market, say yes
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’
IAG New Zealand CEO says insurers need to ‘balance out the bad years with the good’ as the insurer reports a 15% increase in annual gross written premium to $4 billion and an annual insurance profit of $500.7 million
21st Aug 24, 12:24pm
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IAG New Zealand CEO says insurers need to ‘balance out the bad years with the good’ as the insurer reports a 15% increase in annual gross written premium to $4 billion and an annual insurance profit of $500.7 million
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
Vero owner Suncorp New Zealand reports a 17.3% rise in annual gross written premium to $2.8 billion, as net profit doubles to $230 million
19th Aug 24, 12:22pm
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Vero owner Suncorp New Zealand reports a 17.3% rise in annual gross written premium to $2.8 billion, as net profit doubles to $230 million
IAG says New Zealanders are less personally concerned about climate change than they were a year ago but more people are concerned about the impacts
5th Aug 24, 2:03pm
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IAG says New Zealanders are less personally concerned about climate change than they were a year ago but more people are concerned about the impacts
Climate risk expert says New Zealand needs a national flood adaptation platform to mitigate the rising costs and financial risks caused by floods
26th Jul 24, 10:03am
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Climate risk expert says New Zealand needs a national flood adaptation platform to mitigate the rising costs and financial risks caused by floods
Cancer dominates AIA Insurance claims accounting for a third of total insurance payouts in 2023, with breast and skin cancers representing over half of cancer claims
25th Jul 24, 5:00am
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Cancer dominates AIA Insurance claims accounting for a third of total insurance payouts in 2023, with breast and skin cancers representing over half of cancer claims
Associate Finance Minister David Seymour says he has asked Treasury to review financial and levy settings for natural hazards
1st Jul 24, 12:42pm
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Associate Finance Minister David Seymour says he has asked Treasury to review financial and levy settings for natural hazards
Insurance parties seek revisions to Contracts of Insurance Bill to ensure more clarity and confidence across the board
26th Jun 24, 2:37pm
Insurance parties seek revisions to Contracts of Insurance Bill to ensure more clarity and confidence across the board
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
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Toka Tū Ake EQC secures a record $9.2 billion in reinsurance coverage, almost $1 billion more than last year's reinsurance cover
Overseas Investment Office eyes decision on the NZ$410 million sale of Suncorp’s Asteron Life to Resolution Life by early July
4th Jun 24, 9:28am
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Overseas Investment Office eyes decision on the NZ$410 million sale of Suncorp’s Asteron Life to Resolution Life by early July
Tower Insurance readies its next risk-based pricing tool as CEO says he loves being the insurance underdog competing with bigger Aussie-owned rivals
29th May 24, 5:00am
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Tower Insurance readies its next risk-based pricing tool as CEO says he loves being the insurance underdog competing with bigger Aussie-owned rivals
General insurer Tower reports 20% growth of $291 million in gross written premiums in 2024 first-half result
28th May 24, 10:04am
General insurer Tower reports 20% growth of $291 million in gross written premiums in 2024 first-half result
Insurance comparison portal Quashed sees 300% increase in signups in first quarter of the year as thousands seek out insurance cost savings
25th May 24, 9:30am
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Insurance comparison portal Quashed sees 300% increase in signups in first quarter of the year as thousands seek out insurance cost savings
The availability of EV and hybrid vehicle insurance may have come a long way, but can still cost more than insuring vehicles with internal combustion engines
11th May 24, 9:00am
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The availability of EV and hybrid vehicle insurance may have come a long way, but can still cost more than insuring vehicles with internal combustion engines
Minister of Commerce and Consumer Affairs Andrew Bayly wants new Contracts of Insurance Bill to find the right balance between protecting consumers and giving the insurance industry certainty
10th May 24, 2:41pm
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Minister of Commerce and Consumer Affairs Andrew Bayly wants new Contracts of Insurance Bill to find the right balance between protecting consumers and giving the insurance industry certainty
As car insurance premiums continue rising, significantly for some people, is insurance becoming unaffordable?
10th May 24, 10:09am
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As car insurance premiums continue rising, significantly for some people, is insurance becoming unaffordable?
IAG says 86% of home buyers and renters now have climate risks front of mind when looking at property
9th May 24, 10:14am
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IAG says 86% of home buyers and renters now have climate risks front of mind when looking at property
Rising car insurance premiums leading to people shifting from comprehensive to third party cover, interest.co.nz car insurance survey suggests
8th May 24, 12:07pm
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Rising car insurance premiums leading to people shifting from comprehensive to third party cover, interest.co.nz car insurance survey suggests
Commerce and Consumer Affairs Minister Andrew Bayly announces insurance law reform, wants to bring insurance law ‘into the 21st century’
2nd May 24, 7:36pm
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Commerce and Consumer Affairs Minister Andrew Bayly announces insurance law reform, wants to bring insurance law ‘into the 21st century’
The RBNZ says dwelling insurance ‘is becoming more risk-based’ and owners of higher-risk properties may find insurance increasingly unaffordable
29th Apr 24, 3:56pm
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The RBNZ says dwelling insurance ‘is becoming more risk-based’ and owners of higher-risk properties may find insurance increasingly unaffordable