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New Zealand tag returned 238 results

  • New Zealand: Fire risk expected to worsen rapidly

    Rural fires cost the New Zealand economy about NZD$67m ($43m) each year, and the figure could grow by 70% in 20 years.

    Asia | 18 Nov 2019
  • New Zealand: Wellington residents told not all risks can be shifted to insurers

    Wellington residents should no longer assume that risk can be transferred to insurers to mitigate the impact of natural disasters, says the Wellington Mayor's Insurance Taskforce in a discussion paper released earlier this week.

    Asia | 08 Nov 2019
  • New Zealand: Finance Minister says Govt examining granular risk based pricing

    The Finance Minister Grant Robertson has said that he is concerned that there is more granular risk-based pricing being carried out now that could reduce the availability and affordability of property insurance for some New Zealanders. The government is investigating the shift, he said.

    Asia | 06 Nov 2019
  • New Zealand: Regulator sees life insurers as "too complacent" about conduct risk

    Life insurers have been too complacent when it comes to considering conduct risk, says the Financial Markets Authority (FMA) in its 2019 annual report released last week.

    Asia | 05 Nov 2019
  • New Zealand's catastrophe insurance data now covered by PERILS

    PERILS, the independent Zurich-based provider of catastrophe loss data and indices, has recently extended its market coverage to include New Zealand. Via its database, the firm will now make available market-wide property sums insured exposed to the perils of earthquake, flood and extratropical cyclones in New Zealand. In addition, it will provide event loss data for any events above a market loss of NZ$300m ($193.6m) caused by these respective perils.

    Asia | 04 Nov 2019
  • New Zealand: Nat CAT risk to fuel non-life market growth

    New Zealand's general insurance industry is forecast to see huge growth to 2023, according to data and analytics company GlobalData.

    Asia | 29 Oct 2019
  • New Zealand: SMEs increasingly buy insurance directly

    The insurance purchasing landscape is changing considerably in New Zealand, with an increasing number of SMEs choosing to buy at least some of their cover direct rather than through traditional broker channels, according to Vero New Zealand in its latest SME Insurance Index.

    Asia | 21 Oct 2019
  • New Zealand sees rising non-life insurance premiums

    Premiums for dwelling, contents and vehicle insurance in New Zealand surged by 7.6%, 3.5% and 8.4% respectively over the year to September 2019 according to official data agency Stats NZ. The increases were concurrent with rising household costs and transport prices.

    Asia | 17 Oct 2019
  • New Zealand: Building insurance changes proposed

    A taskforce, chaired by Wellington Mayor Justin Lester, has proposed raising the Earthquake Commission (EQC) insurance cap to NZ$400,000 ($253,000) and changing building regulations to make insurance affordable for building and home owners.

    Asia | 10 Oct 2019
  • New Zealand: Food safety risks rising

    Delta Insurance, New Zealand's largest locally owned insurer, has seen an alarming increase in the risks for food producers, most glaringly reflected in a leap in the number of food recalls per capita out of the country that was significantly higher than in Australia.

    Asia | 08 Oct 2019


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