The results of Consumer NZ's annual insurance satisfaction survey found MAS and FMG were rated highly by customers, with both earning Consumer's People's Choice award.
Aon has appointed Mr Wesley Roy head of property for Australia and New Zealand. He joins Aon's Reinsurance Solutions team.
Suncorp Group has completed the divestiture of its New Zealand-based Asteron Life business to Resolution Life Australasia for NZ$410 million (US$228 million).
The Insurance Council of New Zealand Te Kahui Inihua o Aotearoa (ICNZ) has welcomed the New Zealand government's commitment to introduce a legislation in parliament in 2025 on a climate adaptation framework. This would help prepare New Zealanders for the impact of climate change on lives, property and communities.
ACT party of New Zealand has called for a radicle transformation in the country's healthcare and insurance landscape. ACT party leader and soon-to-be country's deputy prime minister Mr David Seymore said the citizens should have the option to opt out of the public health system in exchange for private insurance funding.
Insurance companies in Australia and New Zealand are driving investment into new technologies including AI to become data-driven organisations according to a new report.
The current edition of Money & You report from the Financial Services Council (FSC) of New Zealand has revealed that the cost-of-living crisis is impacting New Zealanders choice to protect their health and life through insurance.
Markel has appointed Mr Jack Taylor as executive, distribution strategies and business development, APAC. In this newly created role, he will lead broker engagement and be responsible for ensuring effective broker engagement across the region. He will also work on the development and delivery of underwriting solutions.
New Zealand has confirmed the final regulations for the levy on insurance contracts that will fund Fire and Emergency New Zealand (FENZ) from July 2026. New Zealand's minister of internal affairs Ms Brooke van Velden in a press statement said the Government has agreed to the final regulations for the levy.
Natural Hazards Commission Toka Tu Ake (NHC Toka Tu Ake) of New Zealand has received almost 10,000 claims for damage from landslides in the last three years, nearly ten times more than the previous three years, when there were just over 1,000 claims lodged.