Insurance Business New Zealand

06/03/2025

The rise of private credit will continue to benefit US life insurers, whose growing investments in the asset class bolster returns, allowing for more aggressive pricing, according to Moody’s Ratings.

"This yield enhancement can allow life insurers to offer more competitive pricing"

06/03/2025

The global economy could be exposed to an estimated US$2.4 trillion in losses over a five-year period, with an expected loss of US$17 billion from a hypothetical solar storm, according to Lloyd’s latest systemic risk scenario.

Europe will be second most financially affected region, just in case

06/03/2025

Beazley plc has reported a record profit before tax of US$1.42 billion for the year ended December 31, 2024, representing a 13% increase from the US$1.25 billion recorded in 2023.

Underwriting discipline prompts steadfast results, but one metric raises eyebrows

05/03/2025

Chubb Life New Zealand has named Paula ter Brake as its new chief executive officer, effective May 5, pending regulatory approval.

Exec with expertise in business transformation steps into the role

05/03/2025

Arthur J. Gallagher & Co. has strengthened its position in the New Zealand insurance market by acquiring RMA General Limited (RMA) and its related insurance broking businesses.

The NZ company caters to life and health solutions

05/03/2025

In celebration of International Women’s Day, Insurance Business is spotlighting the most inspiring female leaders in insurance!

These Elite Women have broken barriers, championed diversity, and reshaped the industry for future generations.

📅 Stay tuned for the full report on Friday, March 7, and join us in celebrating women redefining success in insurance!

https://hubs.la/Q0399zy10

05/03/2025

The race to acquire German life insurance consolidator Viridium Group is heating up! Major players like BlackRock, Allianz, and Prudential Financial are preparing final bids in one of Germany’s most competitive deals this year.

It is one of the country's most competitive deals this year

05/03/2025

Homebuyers in New Zealand could now secure house insurance faster as a new partnership between New Zealand Financial Services Group (NZFSG) and Initio Insurance integrates real-time insurance referrals into the mortgage advisory process.

Digital solutions now integrated into financial services

05/03/2025

Liability insurance is essential for businesses of all sizes in New Zealand, but choosing the right coverage can be tricky. Our latest guide breaks down the different types, key coverages, and costs.

Liability insurance comes in many forms. The key to getting the right coverage is understanding how each one works

04/03/2025

Hastings District Council failed to maintain flood protection infrastructure in Havelock North despite multiple recommendations over more than a decade, according to a report by chief ombudsman Peter Boshier.

Flood safety fixes urged in 2016 but delayed until 2024

03/03/2025

A recent GlobalData poll conducted on Verdict Media sites in Q4 2024 and Q1 2025 found that 36.4% of respondents were convinced to adopt a telematics policy due to the ability to manage their policy online or through an app, closely followed by 36.2% who cited cheaper premiums as the primary motivator.

Tech reshaping how people manage their insurance

03/03/2025

Global law firm Dentons is reinforcing its presence in Christchurch with the addition of Willie Hamilton as its new litigation partner, effective March 3.

He specialises is commercial disputes, sports law and more

02/03/2025

AXA CEO Thomas Buberl stresses that disaster prevention must be a mandatory part of insurance to keep coverage viable in climate-risk regions.

Prevention needs to become "a mandatory part" of insurance

02/03/2025

AXA reported an 8% increase in total premiums to €110.3B, with strong growth across life & health, P&C, and asset management. CEO Thomas Buberl credits the success to AXA’s "Unlock the Future" strategy.

New product launches and rising demand boosted performance in 2024

01/03/2025

As organisations navigate ongoing external challenges, human resource (HR) and communication leaders are identifying “change fatigue” as a significant challenge, according to Gallagher’s 2025 employee communications report.

44% of leaders named it a key "battleground"

01/03/2025

Only half of New Zealanders with a financial plan for retirement are confident it will meet their needs, according to a recent study commissioned by investment platform InvestNow.

Expert highlights need for early financial planning

28/02/2025

With global markets relying on accurate climate predictions, weather agencies are split on how to communicate El Niño and La Niña events. While Australia’s forecaster scales back updates, the WMO and the Philippines respond to demands for more frequent insights.

They could face a backlash

28/02/2025

Two years after Cyclone Gabrielle, the Hawke’s Bay Regional Council has released a detailed flood map to aid mitigation efforts and inform residents.

A region hit by unprecedented flooding gets a new tool for resilience