Insurance Business New Zealand

Insurance Business New Zealand Insurance Business is New Zealand's leading independent business website for insurance brokers and advice professionals.

Insurance Business is the leading independent business website for insurance brokers and advice professionals. A key business resource, Insurance Business provides daily breaking news, cutting-edge opinion and in-depth analysis affecting the industry. Insurance Business also offers a series of industry reports that recognise the achievements of key individuals and businesses such as Elite Brokers

and Brokers on Insurers, as well as providing the latest in business best practice in a continually evolving industry. Part of the global Insurance Business suite of publications, IB reaches a wide readership in New Zealand, Australia, Asia, USA, Canada and UK. Insurance Business is published by independent media company Key Media. Find out more about Key Media’s magazines, events and websites at www.keymedia.com.

New Zealand’s Accident Compensation Corporation (ACC) is facing increased scrutiny from claimant advocates and sector ob...
11/12/2025

New Zealand’s Accident Compensation Corporation (ACC) is facing increased scrutiny from claimant advocates and sector observers over its approach to exiting long-term claimants and its use of artificial intelligence to help identify cases for review.

Over 10,000 long-term claimants exited, outcomes unclear

Allianz and Oaktree Capital Management will debut Syndicate 1890 on January 1, 2026, providing multi‑year AA‑rated capac...
11/12/2025

Allianz and Oaktree Capital Management will debut Syndicate 1890 on January 1, 2026, providing multi‑year AA‑rated capacity to Allianz’s global outwards reinsurance program while tapping capital markets’ appetite for insurance risk through the Lloyd’s platform.

New vehicle will write a slice of outwards placements from 2026

Sustainability is becoming a strategic factor in the insurance claims sector, influencing adjudication, product developm...
11/12/2025

Sustainability is becoming a strategic factor in the insurance claims sector, influencing adjudication, product development and vendor selection, according to Crawford & Company's first annual Sustainability Report.

Crawford report sheds light on the key factors

Insurance and reinsurance markets are on heightened alert after a rare “megaquake” advisory was issued in the north of J...
10/12/2025

Insurance and reinsurance markets are on heightened alert after a rare “megaquake” advisory was issued in the north of Japan, following a sequence of strong earthquakes that has rattled Aomori, Hokkaido and the broader Hokkaido–Sanriku coast this week.

It is not yet clear how much damage the latest earthquake has caused

New Zealand’s employee healthcare costs are forecast to increase 18% in 2026, well above global and regional projections...
09/12/2025

New Zealand’s employee healthcare costs are forecast to increase 18% in 2026, well above global and regional projections, according to Aon’s 2026 Global Medical Trend Rates Report.

Report shows local medical inflation outpacing global trends

New Zealand brokers have spoken: the top underwriting agencies for 2025 are revealed.Insurance Business surveyed brokers...
08/12/2025

New Zealand brokers have spoken: the top underwriting agencies for 2025 are revealed.

Insurance Business surveyed brokers nationwide, ranking agencies across eight key insurance lines based on service, product capability, and support. This year’s standout performers include Emergence NZ and Underwriting Agencies of New Zealand (UANZ), recognised for their strong broker partnerships and market responsiveness.

Read the full Brokers on Underwriting Agencies 2025 report to see all winners.

https://hubs.la/Q03XmKhs0

Survey of brokers highlights leading underwriting partners across key lines

New Zealand’s firefighter pay dispute enters facilitated bargaining after 16 months without settlement.Deputy National C...
08/12/2025

New Zealand’s firefighter pay dispute enters facilitated bargaining after 16 months without settlement.

Deputy National Commander Megan Stiffler of Fire and Emergency New Zealand confirmed ERA’s order for facilitation with the New Zealand Professional Firefighters Union, a move that carries major implications for insurance-funded levies and emergency service resourcing.

Sixteen months of talks still without settlement

New research from MIT’s Project Iceberg suggests today’s artificial intelligence systems are already capable of taking o...
08/12/2025

New research from MIT’s Project Iceberg suggests today’s artificial intelligence systems are already capable of taking over tasks worth 11.7 per cent of the U.S. labour market, or about US$1.2‑trillion in annual wages.

For HR leaders, the future of work just became uncomfortably specific. It now comes with a percentage sign — and a price tag

The Natural Hazards Commission (NHC) has released new Low Damage Seismic Design (LDSD) volumes, co‑funded with MBIE, to ...
08/12/2025

The Natural Hazards Commission (NHC) has released new Low Damage Seismic Design (LDSD) volumes, co‑funded with MBIE, to help engineers and owners design for functional recovery beyond Building Code minimums. Professor Ken Elwood noted that while code compliance protects lives, it doesn’t guarantee usability — as seen in Canterbury and Kaikōura.

Research shows New Zealanders want buildings back in service sooner

Gallagher Insurance NZs November 2025 Insurance Market Update describes a continuing soft market across most lines, asso...
08/12/2025

Gallagher Insurance NZs November 2025 Insurance Market Update describes a continuing soft market across most lines, associated with comparatively low recent catastrophe losses, solid reinsurer & insurer capital positions, & active competition for business

Report details claims, profitability, reinsurance, stress tests, reforms, levies

Brokers like Rothbury’s Marliis Saan warn that underinsurance and overlooked operational risks — such as fermentation sp...
07/12/2025

Brokers like Rothbury’s Marliis Saan warn that underinsurance and overlooked operational risks — such as fermentation spoilage — leave many operators vulnerable. With insurers demanding accurate valuations, robust risk controls, and a “big picture” narrative of vineyard and cellar operations, risk management and insurance are becoming competitive differentiators rather than optional overheads.

The flagship industry is balancing record harvests and flatlining export values with intensifying weather and rising operational risks – a combination that is testing insurance affordability and risk management

The Christchurch-based firm and sole adviser Junpu Wang were found to have misled clients into duplicate insurance polic...
04/12/2025

The Christchurch-based firm and sole adviser Junpu Wang were found to have misled clients into duplicate insurance policies, falsified information, and even used unauthorised signatures — leaving some customers paying double premiums.

Deliberately misled clients to get more commission payments from insurer

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