The insurance professionals online magazine
Feature
More than 95% of average data breach losses and 90% of average first-party losses are adequately covered by insurance, according to the latest report published in Australia by Willis, a WTW business (NASDAQ:WTW). The report, Cyber cla...
Climate Change
Insurance Council of New Zealand
The Climate Change Response Amendment Bill has been welcomed by insurers for setting out a long-awaited framework for climate adaptation, but they warn that funding, implementation and durable political support will be critical to turn...IFSO Case Study
A couple took out travel insurance for an overseas holiday. While travelling, they were both injured in an accident involving a rented motorised scooter and needed medical treatment. The scooter was also damaged. They made a travel...
Feature
As North America hosted the largest FIFA World Cup in history, risk managers looked beyond the matches themselves. With 48 teams, 104 matches and millions of fans expected across the US, Canada and Mexico, the tournament’s...
Feature
By Paul Uprichard, Executive Director, New Zealand Underwriting Agencies Coun...
Choice is one of the most valuable things a broker can offer a client. But choice, in itself, is not the objective. A healthy insurance market isn't defined solely by the number of products or participants it has; rather, the...IBANZ Forum
Rural
QUESTION If you have sundry vehicle cover under a rural policy, what is the applicable FENZ levy payable, as we do not always know all the vehicles that are covered by this, which is why the sundry limit is in place? For...Appointments
NZI has announced two senior appointments that further strengthen its Property and Liability team’s capability and reinforce its commitment to supporting brokers and customers in an increasingly complex insurance market....
Climate Change
By Rachael Pettigrew, Head of Risk Advisory, Willis NZ
Organisations can spend more time preparing for the last crisis than they do for the next one. Insurance remains one of the most effective tools for managing known risks. However, some of the biggest threats facing businesses today...IBANZ Forum
Material Damage/BI/Contract Works
QUESTION I have a client who owns a restaurant which suffered damage and was unable to trade for three weeks, resulting in a Gross Profit loss. Their insurer has accepted the Business Interruption claim, however has...Feature
Marine insurance operates in a dynamic environment, and the pace of change is accelerating. Geopolitical instability, legislative reform, and emerging technologies are reshaping the sector, creating challenges for insurers, brokers and...
