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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]
- Rule 32017/3

Retirement Villages Code of practice 2008 Section 21
- Fire and Accidental Damage

Financial Service provider (Registration and Disputes Resolution) Bill

Vehicle Equipment (Immobilisers) Rule 32017/3
- Green Draft

Financial Advisers Bill

Land Transport (Road user) Rule Amendment [2009]
- Rule 61001/4

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
- Margins Clause Confirmed

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

activities-pic1 (12K)

Liaison with New Zealand police concerning Memorandum of understanding & Vehicle Crime Initiatives

Rental Vehicle loss of use Calculation guide update

Policy input to Ministry of Transport Vehicle Standards Advisory Committee

Motor Total loss Recovery guideline Amendment rewritten

Policy input to IRD on Tax Deductibility of Risk Margins included in the outstanding Claims Reserve

Anti Money laundering and Countering Financing of Terrorism Bill reviewed

Policy input to EQC on finding a solution to the problem of insurers having to report levies collected within 10 days of month end

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

2008 industry remuneration survey completed

Extensive media work on image, role and importance of insurance

Analysis of discussion paper on Insurance prudential Regulation

Communication of Council activities and new initiatives to members and industry colleagues

 


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