The Insurance Council of New Zealand (ICNZ) is calling on political parties to back volunteer and paid firefighters by funding them appropriately for their services much like the police are funded.
The Reserve Bank pf New Zealand (RBNZ) has approved the proposed sale of AMP Life to Resolution Life, in a revised arrangement that is subject to a number of conditions imposed to protect policyholders.
The Earthquake Commission (EQC) has successfully renewed its NZ$6.2bn ($4bn) reinsurance programme for the 12 months from 1 June.
Maritime NZ has published guidelines about a sharp increase required in insurance cover or other financial security for marine oil spills from offshore installations.
Digitisation is no longer a mere competitive advantage but an integral part of business continuity plans (BCP) - something that has been put into sharp focus since the COVID-19 pandemic started.
New Zealand police data show that the number of motor vehicles that were stolen or broken into in 2019 was 24,416, 2,655 or 12% more than in 2018, according to an analysis by Finder, an online financial and shopping price comparison company.
COVID-19 containment measures have been effective in limiting the disease outbreak in New Zealand, reducing the risk of significant life claims for insurers, says the Reserve Bank (RBNZ) in its latest Financial Stability Report (FSR) published last month.
The second largest health insurer in New Zealand, nib, recently announced that it will be offering COVID-19 member and community-support package for an additional three months until 30 September 2020.
Kiwi company Delta Insurance Group has signed a cyber insurance agreement with Taiwanese insurer, Hotai Insurance.
Southern Cross Travel Insurance (SCTI) has announced a proposed restructure that would see its full-time staff reduced from 90 to 45. The decision was taken in the wake of the shutdown in international travel as a result of COVID-19 containment efforts.