Reserve Bank Invites Feedback On Scope Of Insurance Act And Structure Of Solvency Standards
Te Pūtea Matua is today launching dual consultations on the scope of the Insurance Prudential Supervision Act (IPSA) 2010 and...
Month: November 2020
Insurance Council chief defends new natural disaster model
Public inquiry involved extensive community engagement and new model addresses resulting calls for customer-centricity, ICNZ says.
New Zealand’s Financial System Supported By Health, Fiscal And Monetary Policy Responses
Te Pūtea Matua has used its monetary policy and regulatory tools in unison to respond to the challenges of COVID-19...
Why the Tower Insurance (ASX:TWR) share price could move lower today
Loss ratio is used in the insurance industry to represent the ratio of losses (claims paid) to premiums earned. As...
Meet these rising AI/ML startups from Australia and New Zealand
In 2019, Australia announced its roadmap for AI technology, with a particular focus on tackling issues related to healthcare, infrastructure,...
Lake Ōhau fire insurance payouts reach $34.8m
The fire which destroyed the 48 properties in the Lake Ōhau Village is one of the most expensive in recent...
Insurance Claims For Ohau Fire Reach $34.8m
The Insurance Council of New Zealand has today released its preliminary figures for the Ohau fire, 4-5 October, with $34.8...
Lake Ohau fire one of the most expensive in New Zealand’s history
NEWS can reveal that the fire that destroyed around half of Lake Ohau village last month is one of the...
Future of homes damaged in Napier floods in the hands of insurance companies
Napier City Council will provide a list of uninhabitable buildings to insurance companies which would decide whether houses would stay...
‘Up to four weeks’ rent’: Why contents insurance could be a good idea for renters
"If tenants damage a rental property as a result of careless behaviour, they'll be liable for the cost of the...