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IBANZ Forum
QUESTION A policy wording states the limit on what an insurer will pay is $5,000 in regards to unspecified jewellery, and they then issue a purchase authority to the jeweller for the full amount (true replacement...
Feature
Auckland Council’s online flood viewer is seeing sustained high use more than two years after the 2023 anniversary weekend floods and Cyclone Gabrielle, events that caused 15 deaths, forced thousands from their ...
Feature
Financial Markets Authority (FMA) Report
In early 2023, New Zealand was hit by two severe weather events, with the Auckland Anniversary Weekend floods and Cyclone Gabrielle occurring within a period of 16 days. The impact of these events on both people and p...
Insurance
In an era of rising director liability, directors and officers (D&O) insuranc...
The role of the broker is to ensure the cover is appropriate, exclusions are understood, and claims processes are clear - before an issue arises. Here are some key takeaways from a recent IBANZ seminar on D&O liability insurance to...FSCL Case Study
In March 2024, Ari* was on a holiday in Bali with her friends. On their last day, they checked out of their hotel and left their suitcases there while they went out. Ari packed all her valuable clothing and accessories in her backpack,...
Feature
The Natural Hazards Commission (NHC) is calling on homeowners – and the brokers who advise them – to understand the limits of New Zealand’s natural hazard land cover before disaster strikes. A...
IBANZ Forum
QUESTION We have a discussion going on about just completed spec homes, that are unoccupied. Do these qualify as a dwelling, and therefore have NHCover available to them? I can't find a specific...
Feature
IAG New Zealand has announced an insurance profit of AU$606m (FY24: AU$457m) for the financial year ended 30 June 2025, delivering a reported insurance margin of 27.4% (FY24: 22.5%). This result reflects the lower cost of...
Advertorial
Step back to the early '90s: a young Roger Abel is out knocking on doors, selling life insurance the way it used to be done. It’s an understated start to a stellar career and a company employing hundreds across New Zealand,...
Feature
Australia’s Community Broker Network, a private insurance broker network backed by ASX-listed Steadfast Group, has launched in New Zealand by acquiring Folio’s local insurance broking network. Folio, a New Zealand...
