Insurance Business New Zealand

19/06/2026

Climate risk is now a frontline issue in M&A deals.

Luise O’Gorman of Aon highlights how insurance and resilience assessments are becoming critical transaction drivers, with buyers demanding proof of insurability and risk mitigation.

Discover how brokers can seize new advisory opportunities in climate due diligence.

https://hubs.la/Q04lX0700

&A

Insurance and resilience assessments are becoming key transaction drivers

18/06/2026

New Zealand’s fire levy model faces urgent scrutiny.

Kris Faafoi, CEO of the Insurance Council of New Zealand (ICNZ), warns that the Fire and Emergency NZ levy is driving households out of insurance, compounding affordability pressures.

Learn how the government’s review could reshape funding for emergency services and insurance sustainability.

https://hubs.la/Q04lWngD0

New Zealand's insurance council says the case for reform goes beyond administrative fairness - the levy is contributing to the uninsurance problem it depends on avoiding

18/06/2026

AI’s fatal flaw could trigger catastrophic losses across industries, warns Eric Lowenstein of Tego.

Eric Lowenstein, CEO of Tego, told a global healthcare conference that AI’s ability to replicate errors at scale poses systemic risks for insurers, brokers, and businesses worldwide — a concern echoed by regulators and reinsurers as exclusion clauses and governance warnings spread across markets.

Explore how insurers and boards must rethink AI risk management before the market faces losses it has never priced for.

https://hubs.la/Q04lM4Zr0

A major AI warning from a global healthcare conference has seismic implications for insurers, brokers and businesses across Australia, New Zealand and the world

17/06/2026

IBANZ calls for a fairer funding model for Fire and Emergency New Zealand.

Katherine Wilson, Chief Executive of the Insurance Brokers Association of New Zealand (IBANZ), says the current levy system unfairly burdens insurance policyholders with nearly $800 million annually, despite FENZ services benefiting all New Zealanders.

Learn why IBANZ supports shifting FENZ funding to government taxation or council rates.

https://hubs.la/Q04lMrbq0

FENZ levy unfairly burdens insurance policyholders, IBANZ says

17/06/2026

AI is reshaping insurance talent — but New Zealand faces a paradox!

PwC’s 2026 Global AI Jobs Barometer shows professionalised roles are growing twice as fast and paying 42% more, yet Crawford CTO Joel Raedeke warns that AI delivers greatest value when operated by seasoned professionals. In New Zealand, hybrid work is disrupting the informal apprenticeship model just as junior roles are being “seniorised,” creating a talent squeeze.

Explore how insurers must confront both AI adoption and WFH dynamics to build the expert workforce needed for growth.

https://hubs.la/Q04lBPMX0

New global study confirms AI rewards expertise and erodes routine work

17/06/2026

Nominations are officially open for IB ANZ’s Top Brokerages and Fast Brokerages 2026 report, celebrating the region’s premier insurance firms and fastest-growing brokerages. Submit your entries by Friday, 3 July.

https://hubs.la/Q04kXlb_0

16/06/2026

Allianz Partners makes a landmark move in ANZ travel insurance!

By acquiring nib’s travel portfolio and securing a 20‑year distribution agreement, Allianz Partners re‑enters the offline travel agent channel — a segment that still accounts for nearly a third of Australian travel insurance sales. CEO Chris McHugh says the deal creates a true omnichannel presence, combining digital, financial, and agent distribution.

See how this AUD$50 million transaction reshapes travel insurance distribution and signals APAC as a priority growth region for Allianz Partners.

https://hubs.la/Q04lC7q30

One of the world's largest insurers is coming for the offline market and it changes the competitive landscape

16/06/2026

MAS strengthens its leadership bench with dual appointments!

Janine Kadar joins MAS as Chief Financial Officer from Southern Cross Health Society, while Colin Brown steps in as Chief Technology Officer from MetService — both aligning with Jo McCauley’s transformation agenda to modernise operations and digital capability.

Discover how these strategic hires position MAS to deliver long‑term value and innovation for its members.

https://hubs.la/Q04ltct80

They come as the mutual moves to modernise its operations

16/06/2026

Matt Clarke, Chief Executive of Wellington Airport, confirmed that a June 12 blaze disrupted 14 flights and left property damage assessments ongoing, raising questions about cover boundaries and business interruption exposure for airlines and tenants.

Explore how this incident could reshape liability and insurance considerations across New Zealand’s aviation sector.

https://hubs.la/Q04lsc0X0

Fourteen trips grounded, damage unquantified, and multiple tenants exposed

15/06/2026

Downtime hurts contractors more than repairs — TLC Insurance tackles that risk head‑on.

Andrew Reid of TLC Insurance explains how their specialist contractors mobile plant policy goes beyond standard commercial motor cover, protecting against lost revenue, substitute hire costs, and reputational damage when machinery is out of action.

Discover why brokers should ask not just “Are you covered?” but “Are you covered correctly?” when it comes to mobile plant.

https://hubs.la/Q04lnbn20

TLC Insurance’s specialist contractors mobile plant insurance goes beyond commercial motor cover, protecting against lost revenue, increased costs of working, or the need for a substitute hire following a loss covered under the policy