As of 31 March 2026, there are 4m life insurance covers across New Zealand, against an estimated population of 5.35m. At the same time, annual life insurance premiums reached NZ$3.31bn ($1.93bn), up 2.7% y-o-y, even as cover numbers continue to fall.
Gallagher Re has appointed Mr Russell Hails as Executive Director, Head of MGA Solutions, APAC.
Financial, insurance, electricity, gas, water and waste management services are among the industries facing the weakest competitive pressure in New Zealand, according to the first State of Competition report released by Commerce Commission of New Zealand.
Life insurer AIA New Zealand (AIA NZ) paid NZ$790m ($470m) in total claims in 2025 supporting more than 789,000 New Zealanders, according to the latest edition of its annual claims report Claims Compass.
AIA New Zealand has announced that NZ Executive Committee members Mr Alex Kühnast and Mr Ben Lovelock have swapped roles.
AIA New Zealand has launched Severe Trauma into its Corporate Solutions portfolio, marking another step in AIA's ongoing commitment to innovation, affordability and to strengthening the financial wellbeing of New Zealanders.
Digital financial advice activity in New Zealand registered significant growth over the past year, with the estimated number of clients receiving digital advice increasing by 90% from around 86,500 in 2024 to more than 164,800 in 2025, according to the Financial Markets Authority.
The conflict in the Middle East has zeroed in how interconnected global trade is, as well as the New Zealand's reliance on a small number of shipping corridors.
Agrifood, an important sector highly dependent on diesel used for planting, harvesting, processing and transportation, will be severely impacted if the conflict lasts any longer due to higher oil and fertiliser prices.
Willis, a WTW business, has appointed Mr Scott Kirkwood as Head of Natural Resources, Pacific. In his new role, he will be responsible for strengthening the Pacific natural resources business by aligning closely with Willis' global expertise, leveraging insights and experience from around the world.