S&P sees New Zealand 2023 P&C combined ratio at 98%
New Zealand’s property and casualty (P&C) insurers face “materially lower” earnings, with profitability to dip substantially in the face of...
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Tough times result in swing towards brokers: Vero SME Index
Broker satisfaction levels remain high and there may be a shift toward seeking the advice of intermediaries amid difficult economic...
US emergency management to use FloodMapp nationwide
Local insurtech FloodMapp says US emergency management is to make use of its dynamic flood inundation analytics to create a...
Strata peak body pushes for ESL review as NSW prepares for March 25 election
Strata Community Association (SCA) NSW has urged the winner of this month’s state election to review the Emergency Services Levy...
Parametric pilot targets New York City flood assistance
A parametric insurance pilot program has been launched in New York City to provide rapid assistance for low-and-moderate income communities...
Allianz Group targets “more consistent” approach through global commercial restructure
Clients and partners should expect a “more consistent underwriting approach”, with coordination on global scale, the insurer said. “Allianz Commercial...
IAG examines motor and property repairs performance in Australia
Insurance Australia Group (IAG) has published the latest edition of its annual quality report, which outlines the results...
NZ: rebuild cost calculators underestimate by “at least 20%,” expert says
A 2016 Treasury report found that 85% of homes across New Zealand were under-insured by an average of 30%, with...
Chubb partners with Vietnam bank for new insurance products
More accessible and convenient insurance The first product launched under the new partnership is TechCare Me, a unique accident product...
Ex-fund manager weighs in on NZ insurance future following storms
“Very risky housing” "We've got a small group of insurers who, I think, are probably acting pretty responsibly at the...
