Managing the impact of Sea Level Rise in New Zealand

The Insurance Council presented at AUT’s conference “Managing the impact of Sea Level Rise in New Zealand ” on 8 April 2016.

The conference brought together international experts, as well as New Zealand’s leading policy makers, scientists and key industry representatives to showcase effective adaptation strategies to manage the impact of sea level rise in New Zealand.

ICNZ’s presentation Sea level rise and extreme weather events – adaptation, risk and insurance focused on the need to employ adaptation measures to reduce the risks arising from climate change so insurance remains affordable and accessible in areas that will face increasing risks. This will require central and local government as well as private sector and community solutions. Risk assessments must include rare but very costly events as well as more frequent less damaging ones.

One News and TV3’s Newshub broadcast coverage of the conference can be found at the links below:

https://www.tvnz.co.nz/one-news/new-zealand/scientists-grim-warning-200-million-displaced-rising-sea-levels-in-next-century

http://www.newshub.co.nz/nznews/experts-gather-in-auckland-to-discuss-rising-sea-level-2016040718#axzz468FNrp42

Download ICNZ’s presentation here.

Download ICNZ’s 15 point plan for better protecting NZ from natural hazards.

 

International Association for the Seismic Performance of Non-Structural Elements

The Insurance Council presented at the International Association for the Seismic Performance of Non-structural Element in buildings workshop on 31 March 2016 hosted by the University of Canterbury. The paper presented by ICNZ Insurance Manager, John Lucas, examined the value proposition of the upfront spend by developers and building owners to be compliant with the voluntary codes and standards to avoid unnecessary losses and expensive disruptions caused by ceilings and building services breaking loose and crashing to the floor in a moderate earthquake event.

 

Insurance Council Addresses Society of Local Government Managers

Insurance Council Chief Executive, Tim Grafton, today addressed the Society of Local Government Managers on “Protecting New Zealand from Natural Hazards” following an ICNZ 15-point plan to reduce the social and economic impact of natural hazards released late last year.

The Protecting New Zealand from Natural Hazards is an Insurance Council paper aimed at decision makers with recommendations that include:

  • Strategy and legislation – establishing a dedicated agency within the Department of Prime Minister and Cabinet to oversee/co-ordinate national strategy, review legislation to ensure risk management is aligned and focused on reducing risk, take the long view on development decisions, plan to address local hazards
  • Funding – committing to long-term, annual funding to build resilience, funding now saves money later
  • Keeping insurance affordable – reduce the risks now and remove unnecessary levies, but premium signals often incremental/weak
  • Information to make the right decisions – science research, high quality data, hazard identification of every property, be clear about what risks are acceptable, calculate cost-benefit trade-offs, consistent approach across NZ, public and business education

Download full ICNZ presentation to SOLGM (PDF 2MB)

Download the paper Protecting New Zealand from Natural Hazards  (PDF 409KB)

Covered – Restoring Our Community

Covered is a 12-episode television series that take a look behind the scenes on the residential rebuild in Canterbury.

“Covered – restoring our community" is a presented by CTV-Rebuild Christchurch and looks at how things are progressing post-quake and seeks the answers people are wanting on rebuild and insurance matters. The informative series focuses on helping customers better understand the processes so they can make informed decisions about their claims, repairs or rebuilds and to know where to seek further support if required.

The series features everything from repair methods and land issues to cash settlement processes and the support services that are available to help residents in their decision-making process.

Insurance Council CEO Tim Grafton and EQC CEO Ian Simpson speak candidly with CTV-Rebuild Christchurch about the lessons learned since the September 2010 Canterbury earthquake.

Insurance Council CEO Tim Grafton and EQC CEO Ian Simpson talk to CTV-Rebuild Christchurch’s “Covered” programme, looking ahead at the Canterbury earthquake claims still to be settled and the challenges that remain.