New Zealand
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.
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.
New Zealand banks and insurers returns $93.86m after conduct and culture review
The joint review of banks and life insurers was conducted between 2018 to 2019.
New Zealand central bank issues interim solvency standards for insurers
The interim standards will come into force on 1 January 2023.
New Zealand extreme weather claims hit $26.08m in July
Three extreme weather events triggered 6,266 claims for the month.
Dai-ichi Life buys NZ-based insurer for $630m
The acquisition was made through Dai-ichi Life International Holdings.
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Insurers need cultural overhaul in digital push
![Insurers need cultural overhaul in digital push]()
Digitalisation seeks to simplify processes, not complicate things.
Digitalisation seeks to simplify processes, not complicate things.
