New Zealand’s Tower flood and cyclone reinsurance payout could hit NZ$276mn
Reinsurance recoveries for New Zealand insurer Tower Limited from flooding in Auckland and Cyclone Gabrielle may now hit NZ$276mn ($175mn),...
Year: 2023
Keeping business alive ‘may not be possible’ as ram raids hike up insurance
Retailers are warning insurance hikes in the wake of ram raids and other crime could force many out of business.
Tower insurance forecasts $3m first half loss due to surge in weather event claims
A surge in claims from floods and cyclones will result in a first half loss for insurance company Tower. The...
New Zealand flood industry loss estimate raised 6% to NZ $1.76bn
The insurance and reinsurance industry loss estimate for this year’s severe flooding that affected the Auckland region of the North...
PERILS’s second estimate shows New Zealand North Island flood industry loss of NZ $1.75bn
Catastrophe loss data aggregator PERILS AG has provided a second estimate of the insurance and reinsurance market loss from the...
Car Insurance Comparison NZ Streamlines Policy Shopping For New Zealand Drivers
Car Insurance Comparison NZ was developed to address the growing demand among Kiwi drivers for a more transparent and efficient...
Poverty Premium: Insurance Costs Up To 40% More For Kiwis In Poorer Areas
All Auckland local board areas classed as ‘low prosperity’ are among the most expensive for contents cover. Poorer Kiwis are...
Calls for ban on insurance companies using genetic testing information as doctors warn it puts Kiwis at risk
Medical professionals are calling for better regulation of health insurance to stop genetic discrimination. New research shows Kiwis who seek...
Insurance companies accused of using genetic tests to deny coverage, hike premiums
Health professionals say insurance companies are using genetic testing results to discriminate, and new laws are urgently needed.
Aon’s Reinsurance Solutions names head of Treaty in Australia, New Zealand
Global insurance and reinsurance broker Aon appointed Paul Grasso as head of Treaty in Australia and New Zealand for Reinsurance...