New Zealand North Island flood industry loss estimated NZ $1.65bn by PERILS
Catastrophe loss data aggregator PERILS AG has provided an initial estimate of the insurance and reinsurance market loss from the...
Month: March 2023
Global Insurance Gap Report Highlights Local Issues
annual global insurance protection gaps, two of which are of particular concern for Aotearoa New Zealand in the area of...
Insurance a luxury that may have to go, teacher at top of pay scale says
Sharyn Spotswood is a teacher of 20 years and, compared to others, is doing well but has to supplement her...
Suncorp CEO warns poor infrastructure could push insurance premiums up
The head of one of New Zealand’s largest insurers believes the country’s lack of quality water infrastructure could push premiums...
New Zealand P&C insurers to see weak profits in 2023
This is due to the recent catastrophic events that occurred in the country. A study revealed that property and casualty...
Delta To Amalgamate Delta Insurance New Zealand And Delta Property Businesses Into Single Entity
Award-winning underwriting agency Delta Insurance is today announcing that it will amalgamate its Delta Property Insurance business into Delta Insurance...
APRA plans to remake four life insurance prudential standards
The standards are set to be remade before 1 April. The Australian Prudential Regulation Authority (APRA) announced that it would...
New Zealand insurers’ payouts for Auckland floods reach $111mn: ICNZ
According to provisional general insurance claims data released by the Insurance Council of New Zealand (ICNZ), insurers have paid around...
Auckland floods, Cyclone Gabrielle to cost insurance industry more than $1b
Insurance Council head Tim Grafton said insurers have already paid out about $111 million and expect the bill to keep...
Around 40,000 flood-prone homes across New Zealand to lose insurance in next 20-30 years – expert
A large number of homes across Aotearoa are at risk of flooding, but one expert says inadequate investment means there's...