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The Annual Insurance Industry Review 2008 - 09
Notable Council Activities
Major submissions to government presented on:
Compulsory Third party Vehicle Insurance |
Vehicle Equipment (Immobilisers) Amendment [2008] |
Retirement Villages Code of practice 2008 Section 21 |
Financial Service provider (Registration and Disputes Resolution) Bill |
Vehicle Equipment (Immobilisers) Rule 32017/3 |
Financial Advisers Bill |
Land Transport (Road user) Rule Amendment [2009] |
Reserve Bank Insurance Prudential Regulation discussion paper |
Other Achievements Included:
Finance Committee Seminar |
Insurance law Association - liability Discussion group Created |
Members' Information Website |
policy input on Wellington City Councils Earthquake prone Building policy Review |
Financial Service providers (Registration & Disputes Resolution) Bill policy Developed |
policy input on Fire protection Association Water Supply Working group |
Casualty Surveyor Cost Recovery Charter Created |
Submission to IpENZ on their Draft Coolstore Design guide |
Fire Service levies on Margins Clauses Confirmed |
Fire Service levies Compliance guide updates |
ICNZ Material Damage Advisory Core Wording |
promotion of Marine Insurance as a Career (ICNZ) Website |
large loss reports for Commercial, Marine, Motor and personal lines Created |
Insurer Disputes Tribunal user guide - (Vehicle Assessment Information guide) - Development |
Liaison with the Fire Service about Fire Service levies on Inbound Student Travel policies |
ICNZ Building Consents Working group Created |
Statistical Information provided to the International union of Marine Insurers |
Weather-related losses - Data Collection and Media Commentaries provided |
Knock for knock Agreement updated |
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Liaison with New Zealand police concerning Memorandum of understanding & Vehicle Crime Initiatives |
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Rental Vehicle loss of use Calculation guide update |
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Policy input to Ministry of Transport Vehicle Standards Advisory Committee |
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Motor Total loss Recovery guideline Amendment rewritten |
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Policy input to IRD on Tax Deductibility of Risk Margins included in the outstanding Claims Reserve |
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Anti Money laundering and Countering Financing of Terrorism Bill reviewed |
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Policy input to EQC on finding a solution to the problem of insurers having to report levies collected within 10 days of month end |
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Liaison with ANZIIF and Industry HR Managers on Insurance Education Issues |
Industry Branding project to highlight general insurance as a career of choice created |
Representation on ANZIIF Branch Executive Committee |
Representation on ETITo financial services working group, preparing qualifications for the financial services sector |
Development of industry guidelines for cases of dual insurance refunds commenced |
ICR upgraded, with enhanced search capacity and improved data-match accuracy |
Review of the Standstill Agreement completed |
Analysis of discussion paper on Insurance Contracts Agency and Assignment |
Ongoing involvement with government Departments and political representatives |
Development of insurance fraud initiatives, including a dedicated fraud section on ICNZ website |
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2008 industry remuneration survey completed |
Extensive media work on image, role and importance of insurance |
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Analysis of discussion paper on Insurance prudential Regulation |
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Communication of Council activities and new initiatives to members and industry colleagues |
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