New Zealand
New Zealand insurance market to hit $9.6b GWP by 2029
New Zealand insurance market to hit $9.6b GWP by 2029
The market is forecast to expand by 10.3% this year.
3 days ago
How will New Zealand’s life insurance sector perform in 2025?
GlobalData expects the market to reach $3.8b in gross written premiums.
Canopius taps ex-QBE exec for ANZ leadership role
He will report to SK Lee, CEO for APAC and MENA.
Allianz Partners, Mitsui Sumitomo Insurance ink deal to expand in New Zealand
The partnership will be useful to MSI's expanding travel insurance offerings.
Fidelity Life Assurance’s outlook remains stable, boosted by capital
AM Best expects the company to maintain adequate operating performance.
FMG Insurance Limited's pricing strategy to boost stable operations
However, its financial flexibility is limited.
New Zealand life insurance registers 2%-5% average growth
Claims accepted are at their highest level since 2020
Travel insurance woes rise amongst New Zealanders amidst global tensions
Prompting 73% of individuals to take out insurance.
Asteron Life to strengthen Resolution Life: Fitch Ratings
Asteron Life will form the second-largest life insurer in the country by premium.
Evergreen Partners takes minority stake in Delta International
The transaction took effect last 18 February.
Swiss Re appoints new ANZ head of life, health
He was head of L&H Claims for US since 2016.
First Insurance Limited remains stable amidst looming portfolio transfer: Fitch
The insurer remains open to new business until the transfer.
Insurance sector to aid in New Zealand climate policy development
The CE said a large portion of NZ-ers live in high-risk areas.
Southsure Assurance profitability tied to revenue control: Fitch Ratings
Limited presence and exposure to possible regulatory intervention challenge its profile.
Partners Life’s capitalisation to remain at ‘strongest level’ in medium term
Its in-force portfolio and consistent investment returns have been favourable.
9 in 10 New Zealanders are not financially prepared
1 in 5 retirees has insufficient worth of savings to sustain their current lifestyle.
New Zealand records nearly 10,000 claims for damage from landslides
Losses from landslides have totalled $170m since January 2023.
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