New Zealand

Which pet breeds are the most expensive to insure?

Southern Cross Pet Insurance paid a total of AU$30m in claims last year.
5 days ago

Which pet breeds are the most expensive to insure?

Southern Cross Pet Insurance paid a total of AU$30m in claims last year.
5 days ago

Momentum Life logs gains with expansion, strategy: AM Best

The company’s capital remains enough to support other operations despite a planned expansion.

Prospects brighten for Fidelity Life Assurance's operating performance

The company's financial flexibility is bolstered by its two largest shareholders, said AM Best.

FMG Insurance leads rural insurance in New Zealand: AM Best

Geographical diversification across New Zealand helps spread insured risks.

New Zealand trade union urges income insurance amidst rising redundancies

The CTU President said New Zealand ranks among the countries with the lowest levels of redundancy protection globally.

IAG New Zealand’s first-half GWP leaps nearly a quarter from last year

The NZ business has processed more than 52,000 claims from the increasing risks and extreme weather events in 2023.

Over two-thirds of New Zealanders fret over house insurance costs

Consumer NZ urges New Zealanders to review their current level of cover and shop around.

Dai-ichi seen to cushion Partners Life's Expansion in New Zealand with capital support

Dependency on third-party reinsurance could offset the insurer’s standing.

New Zealand’s non-life market ‘stable’, good premium growth is anticipated: AM Best

Volatile weather conditions, tightening reinsurance capacity, and reinsurance rate increases may increase volatility.

IAG enters cyclone reinsurance pool

It aims to reduce insurance premiums for eligible policyholders in cyclone-prone areas.

NZ climate disaster payouts reach NZ$2b

It is estimated that NZ$3.5b claims will be rooted in Auckland floods and cyclone Gabrielle.

Howden acquires Insurance Underwriters (NZ)

The acquisition targets to expand IUNZ’s reach.

ANZIIF and general insurers set out a new framework for better claims and settling services

The competency-based framework outlines the professionalism that must be upheld by the industry.

NZ insurance brokerage firm says market conditions can hike reinsurance costs

This could linger until the anticipated annual renewal cycle.

New Zealand's Veterinary Professional Insurance Society solvency to weaken: analyst

This is due to a significant increase in the regulatory solvency requirement.

Chubb Life NZ operating performance ‘adequate’: analyst

Chubb Life NZ faced challenges in its operating results in 2021 and 2022 due to interest rate hikes.