New Zealand
IAG New Zealand’s first-half GWP leaps nearly a quarter from last year
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.
ICNZ names incoming chief executive, Grafton stepping down on 7 April
Kris Faafoi is a former Cabinet Minister.
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.
Insurance industry lost NZ$1.93b to Cyclone Gabrielle: study
The cyclone, which hit last February, is estimated to cost NZ$1.93b.
New Zealand P&C insurers to see weak profits in 2023
This is due to the recent catastrophic events that occurred in the country.
nib purchases New Zealand travel insurance provider OrbitProtect
OrbitProtect was first established in 2005.
New Zealand August weather insurance losses breach more than $27m
Initial data revealed 3,165 claims filed.
Damaged or lost phones cost New Zealanders $7.58m a year
The data comes from 35,899 contents insurance claims from State Insurance.
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