SIX MONTHS after the twin disasters of the Auckland Anniversary floods and Cyclone Gabrielle, it seems clear that the impact on commercial property insurance and its future insureds will be more long-term than the usual after-storm clea...
"We need to be educated—to be risk-aware"
As the world veers further off course from its goal of limiting global warming to 1.5C above pre-industrial levels, banks are increasingly having to pay attention to the financial implications of a rapidly-warming planet. ...Top distractions based on age group unveiled
Revealed – over half of NZ drivers distracted, many under the influence Top distractions based on age group unveiled A study commissioned by insurer AMI and conducted by Ipsos has unearthed alarming stati...
Importance of insurance risk management highlighted
The Reserve Bank of New Zealand (RBNZ) has highlighted the necessity of actively managing climate-related risks to maintain the stability of the financial system amid potential shocks. This insight stems from the...The Ombudsmen for Financial Services Complaints (FSCL) and the Insurance & Financial Services Ombudsman Scheme (IFSO Scheme) are in merger talks. The purpose of the merger is to simplify and improve dispute...
Any FAP deemed to be an intermediary for a financial institution could be caught by CoFI’s incoming prohibited incentive rules – due to be introduced in 2025 – states training firm Strategi. In a blog...
“It’s a very interesting time to be in the reinsurance market and we’ve seen some really seismic shifts in buying behavior during 1/1 which have carried on through the 1/4 renewals. We’ve seen new products come...
Tips for brokers to address underinsurance challenges facing their clients
Australian Insurance broker network Ausure is highlighting the persistent issue of underinsurance among businesses, emphasising the need for enhanced awareness and accurate policy valuations. With an increasing number...WTW head on what must remain "paramount"
Amidst economic volatility and evolving market challenges, insurers are increasingly considering alternative asset classes within their strategic asset allocation (SAA) exercises. Such shifts underscore the critical...Report shines spotlight on underwriter confidence
The Capgemini Research Institute has published its World Property and Casualty Insurance Report 2024, which examined, among other things, underwriters’ confidence when it comes to the use of artificial intelligence or machine...
