News Non-Life09 Jun 2023

New Zealand:Property insurance premiums climb by up to 50%

09 Jun 2023

Insurers in New Zealand are responding to losses from recent Nat CAT events with significant pricing increases. At renewal, the industry is seeing premium rises of 20-50% in property classes and 10-20% in motor, according to Mr Mark Gustafson, general manager of Certus Insurance Brokers (CIBNZ).

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