Gale force winds and storms between 9 and 13 September 2021 resulted in insurers supporting communities to the tune of NZ$36.5m ($27.1m), says the Insurance Council of New Zealand (ICNZ).
Over 80% of female respondents to a survey on finances consider their financial well-being as moderate to very low and over 65% consider the same about their overall wellbeing, according to a study by the Financial Services Council (FSC).
Total weather-related insurance costs hit a record high in 2021 of a provisionally-estimated NZ$304.9m ($207.1m), beating the previous record, set in 2020, of NZ$274m, says the Insurance Council of New Zealand (ICNZ).
Global advisory and broking and solutions company Willis Towers Watson (WTW) has acquired Australia-based aviation industry specialist Aerosure.
Climate change will impact future weather events to varying degrees, and is expected to affect future insurance premiums, says the Reserve Bank of New Zealand (RBNZ) in its November 2021 Financial Stability Report.
The Financial Markets Authority (FMA) has published its implementation approach for the Financial Sector (Climate-related Disclosures and Other Matters) Amendment Bill (CRD Bill).
The New Zealand government has designed an insurance scheme to provide assurance to organisers of large-scale summer events.
Australian health insurer nib holdings yesterday announced its New Zealand subsidiary, nib nz holdings (nib NZ), has agreed to purchase 100% of the shares in Kiwi Insurance, a wholly owned subsidiary of Kiwi Group Holdings.
Howden, the international insurance broker, has launched its New Zealand operations, reinforcing its ambitious growth plans in the region since opening its doors in Australia in March 2021.