Insurance
Letter from Judith Collins to Nicola Willis before the sinking of HMNZS Manawanui warned of risks associated with uninsured navy vessels
18th Nov 24, 4:00pm
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Letter from Judith Collins to Nicola Willis before the sinking of HMNZS Manawanui warned of risks associated with uninsured navy vessels
After self-reporting, Quest Insurance Group cops RBNZ warning for failing to maintain its minimum non-life solvency margin and statutory fund for its life insurance business
12th Nov 24, 12:35pm
After self-reporting, Quest Insurance Group cops RBNZ warning for failing to maintain its minimum non-life solvency margin and statutory fund for its life insurance business
Climate report warns of steep insurance premium increases and coverage gaps for coastal homes, with 10,000 properties at risk by 2050
11th Nov 24, 3:47pm
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Climate report warns of steep insurance premium increases and coverage gaps for coastal homes, with 10,000 properties at risk by 2050
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
Quashed data shows strong annual insurance premium rises, with differences between major cities and age groups
2nd Nov 24, 9:04am
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Quashed data shows strong annual insurance premium rises, with differences between major cities and age groups
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
Insurance representative bodies from New Zealand, Australia, Canada, and the UK urge their governments in a joint letter to collaborate with insurers in order to decrease natural hazard risk
21st Oct 24, 1:05pm
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Insurance representative bodies from New Zealand, Australia, Canada, and the UK urge their governments in a joint letter to collaborate with insurers in order to decrease natural hazard risk
AA Insurance reports $864.4 million in premiums for 2024, with annual profit nearly tripling to $108.2 million
18th Oct 24, 2:06pm
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AA Insurance reports $864.4 million in premiums for 2024, with annual profit nearly tripling to $108.2 million
Clues left by the Alpine Fault’s last big quake reveal its direction – this will help NZ prepare for the inevitable next rupture
18th Oct 24, 9:26am
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Clues left by the Alpine Fault’s last big quake reveal its direction – this will help NZ prepare for the inevitable next rupture
ACC warns climate change could drive more injury claims as extreme weather risks rise, reveals $7.23 billion deficit for 2024
17th Oct 24, 4:07pm
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ACC warns climate change could drive more injury claims as extreme weather risks rise, reveals $7.23 billion deficit for 2024
Dunedin flood results in 600 insurance claims so far, IAG NZ CEO Amanda Whiting says, and NZ needs to prioritise investing in natural hazard risk reduction and resilience
15th Oct 24, 5:00am
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Dunedin flood results in 600 insurance claims so far, IAG NZ CEO Amanda Whiting says, and NZ needs to prioritise investing in natural hazard risk reduction and resilience
AA Insurance ordered to pay almost $6.2 million penalty after overcharging tens of thousands of customers $11 million by failing to apply discounts and misleading marketing material
7th Oct 24, 1:47pm
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AA Insurance ordered to pay almost $6.2 million penalty after overcharging tens of thousands of customers $11 million by failing to apply discounts and misleading marketing material
US home insurance rates are rising fast – hurricanes and wildfires play a big role, but there’s more to it
4th Oct 24, 10:00am
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US home insurance rates are rising fast – hurricanes and wildfires play a big role, but there’s more to it
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
Southern Cross records annual deficit with claims up 15% and premiums up 9%
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
