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New Zealand tag returned 225 results

  • New Zealand: Regulators say life insurers can do more to improve conduct

    The Reserve Bank of New Zealand (RBNZ) and Financial Markets Authority (FMA) yesterday published their findings on life insurers' responses to the joint Conduct and Culture Review of the life sector. The regulators say in a joint statement that the findings indicate the need for additional obligations to be included in the regulation of life insurers.

    Asia | 18 Sep 2019
  • New Zealand: 23% of drivers are cutting back on driving

    One quarter (23%) of Kiwis are driving less than they did a year ago, according to the 2019 AA Insurance Lifestyle Survey report.

    Asia | 17 Sep 2019
  • New Zealand: Christchurch's below-ground assets deemed significantly underinsured

    The municipal council of Christchurch, New Zealand's third largest city, is looking at alternative ways to increase insurance coverage of its below the ground assets.

    Asia | 09 Sep 2019
  • New Zealand: New earthquake model helps IAG to handle Nat CAT risks

    Insurance Australia Group (IAG) has selected AIR Worldwide's new earthquake model for New Zealand to help manage its catastrophe risk in the country. While IAG is regarded as the largest general insurer in Australia and New Zealand, AIR Worldwide is a business of American data analytics and risk assessment firm Verisk. Both parties are said to be have been collaborating for over a decade.

    Asia | 05 Sep 2019
  • New Zealand study finds E-Scooters carry greater medical risk than expected

    Personal mobility devices such as electric scooters have been gaining popularity worldwide but seems to always come hand-in-hand with controversy. According to a new medical study in New Zealand, which covered a five-month period at the Auckland City Hospital, injuries from electric scooter mishaps can be as severe as those from vehicle accidents.

    Asia Risk | 05 Sep 2019
  • New Zealand: Insurers collaborate to form bureau to combat fraud

    The Insurance Council of NZ has launched the Insurance Fraud Bureau (IFB), to tackle such wrongdoing that costs insurers in New Zealand up to 10% of gross written premiums every year. At current estimates, annual fraud losses are up to NZ$614m ($386m).

    Asia | 04 Sep 2019
  • New Zealand: Wellington discusses insurability of the city

    The Wellington City Council has held its first Wellington Insurance Taskforce meeting.this week to discuss the insurability of property in the capital as insurance premiums soar.

    Asia | 29 Aug 2019
  • Former Lloyd's APAC CEO joins Delta Insurance as board member

    Specialist insurance provider and Lloyd's of London coverholder Delta Insurance has appointed DXC Technology global head of reinsurance and specialty sales Kent Chaplin to its advisory board. In his advisory role, he will provide strategic planning, business development and governance support for Delta Insurance Group with respect to its New Zealand and Asia Pacific operations.

    Asia | 28 Aug 2019
  • Excellence on display: Aus and NZ insurance winners

    The Star Sydney in Pyrmont was the appropriately-named venue for the glittering Australian Insurance Industry Awards for 2019 held last night - the 16th year of the awards.

    Asia | 23 Aug 2019
  • New Zealand: Non-life insurer posts 79% surge in net profit

    IAG New Zealand, the largest non-life insurer in New Zealand, has increased its profit by 79% in the year ended 30 June 2019 (FY2019), due to higher premiums and low natural disaster claims.

    Asia | 19 Aug 2019

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