New research from New Zealand insurer Partners Life reveals that 34% of Kiwis mistakenly believe the Accident Compensation Corporation (ACC) covers unexplained pain and illness.
Japanese insurer Dai-ichi Life Holdings has acquired New Zealand firm Partners Life as a wholly owned subsidiary.
Dai-ichi Life Holdings has announced its acquisition of 100% of the shares in Partners Group Holdings Limited, the parent company of Partners Life for NZ$980m ($630m). Dai-ichi Life will acquire the company through its wholly owned subsidiary Dai-ichi Life Insurance International Holdings, which controls the group's overseas business.
One of Australia's biggest financial services companies, Brisbane-headquartered Suncorp has announced that its insurance operations in Australia (dubbed 'Insurance Australia') reported profit after tax of A$174m ($122m) for the financial year ended 30 June 2022 (FY22), a 68.2% fall compared to FY21.
Fidelity Life has entered an exclusive agreement with digital oncology and telehealth experts CancerAid and Teladoc Health, to strengthen the insurer's cancer support programme.
Most New Zealanders are confident in their ability to make financial decisions, but only one-fifth say they are in a secure financial position, according to research findings released by the Financial Markets Authority (FMA).
Insurance pricing in the Pacific region, that is dominated by the Australian market, increased by 7% in the second quarter of this year, down from 10% in the prior quarter and the sixth consecutive quarterly reduction in rate increases, according to the 2Q2022 "Global Insurance Market Index" report released by leading global insurance broker Marsh.
The Financial Markets Authority (FMA) has released a consultation paper on proposed standard conditions for financial institution licences to be issued under a new regulatory regime.
78% of New Zealanders agree that climate change is an important issue for them personally, with 91% expecting to see more frequent and extreme flooding events, according to the latest IAG-Ipsos Climate Change Poll, published by NZI, State and AMI Insurance.
Construction companies are stockpiling goods in order to safeguard against potential material shortages for projects scheduled later in the year, notes the insurance brokerage Crombie Lockwood.