The Department of Internal Affairs has decided to focus its review of the Fire and Emergency New Zealand's (FENZ) funding model on improving the insurance-based model in the FENZ Act.
The New Zealand Cabinet has finalised a package of new measures to protect New Zealanders' interests in the banking and financial system, including a provision to incentivise good behaviour by directors of banks and other deposit takers by making them insure themselves, rather than be insured via the entity they represent.
The Reserve Bank of New Zealand (RBNZ) is expanding its regulatory resources with a new standalone enforcement department focusing on compliance in the banking, insurance and anti-money laundering sectors, reported Reuters.
New Zealand is the first country in the world to introduce a law that requires the financial sector to disclose the impacts of climate change on their business and explain how they will manage climate-related risks and opportunities.
New Zealand has become the first country in the world to introduce a law that requires the financial sector to disclose the impact of climate change on their business and explain how they will manage climate-related risks and opportunities, says Commerce and Consumer Affairs Minister David Clark.
Lloyd's has launched a new pioneering earthquake insurance policy in New Zealand, in partnership with insurance start-up Bounce, which uses cutting-edge technology and real-time GeoNet data to automatically pay customers within five days following a strong earthquake.
As the potential of a trans-Tasman travel-bubble becomes more likely, the Insurance Council of New Zealand (ICNZ) has issued clarification on changes to travel insurance in response to the COVID-19 pandemic.
This week marks an important milestone in the building and deployment of a new financial advice regulatory regime for New Zealand, says the Financial Markets Authority (FMA).
Trade Me, one of the smaller players in the car insurance market, has been voted as the best car insurer in New Zealand for its uncomplicated and value-for-money cover.
Delta Insurance Group, with its Asia headquarters in Singapore, and based in New Zealand has expanded its management team, appointing current advisory board member Kent Chaplin as COO to support its global growth plans.