One of ICNZ’s priorities is educating people about risk management and improving their financial capability which involves us providing insurance content for educational resources in schools and partnering with key stakeholders in delivering programmes.
We collaborate with organisations, both locally and internationally, to help deliver our mission of promoting and shaping a sustainable insurance industry.
ICNZ is a proud member of The Global Federation of Insurance Associations (GFIA), with ICNZ’s CE Tim Grafton on its Executive Committee.
GFIA was established on 9 October 2012, to increase industry effectiveness in providing input to international regulatory bodies and to contribute more effectively to the international dialogue on issues of common interest.
Through its 41 member associations and 1 observer association, GFIA represents the interests of insurers and reinsurers in 64 countries. These companies account for around 89% of total insurance premiums worldwide.
ICNZ has been a supporting institution of the United Nations Environmental Programme’s Principles of Sustainable Insurance (PSI) initiative since 2012 and has also developed a 15 point action plan for better protecting New Zealand from natural disasters.
Sustainable insurance aims to reduce risk, develop innovative solutions, improve business performance, and contribute to environmental, social and economic sustainability.
ICNZ is proud to be certified Zero Carbon Business Operations with Ekos. We have measured and offset the carbon footprint of our business operations for the 2020 calendar year with certified carbon credits.
These certified carbon credits are sourced from projects that grow and protect forests in Aotearoa and the Pacific Islands and help to deliver climate resilience, waterways protection, erosion control, biodiversity conservation and community economic development.
ICNZ partners with ANZIIF to provide a scholarship that recognises and supports the professional growth and development of young insurance industry practitioners living and working in New Zealand. The scholarship aims to:
- recognise outstanding insurance professionals who demonstrate their potential to be insurance industry leaders
- build and strengthen insurance industry capability in the New Zealand market
- provide the opportunity for an outstanding individual to experience a personal and professional development opportunity and to grow his or her profile
- provide scholarship award recipients with an opportunity to act as ambassadors for the company they represent and their local insurance market.
ICNZ has signed the United Nations Statement in support of disaster risk reduction released at the 3rd UN World Conference on Disaster and Risk Reduction in Sendai, Japan.
The conference adopted a new global framework to help governments at all levels better prepare for disaster risk and to improve the resilience of nations and communities to disasters and now includes the private sector.
The Insurance Council is a signatory to Paris Pledge for Action, which affirms our strong support for the adoption of the new universal climate agreement at COP21 in Paris in 2015.
L’Appel de Paris, or the Paris Pledge for Action, brings together a multitude of voices on an unprecedented scale within a single, collective statement:
“We welcome the adoption of a new, universal climate agreement at COP21 in Paris, which is a critical step on the path to solving climate change. We pledge our support to ensuring that the level of ambition set by the agreement is met or exceeded.”
The insurance and financial sector generally will play a pivotal role in transitioning from a high to low carbon economy. While climate change mitigation measures are critical, adaptation initiatives to reduce risk must also be taken to protect people and assets at risk.
ICNZ has formally joined a Government initiative to improve New Zealand's cybersecurity.
ICNZ has signed up to Connect Smart, a partnership led by the National Cyber Policy Office (NCPO), part of the Department of Prime Minister, and Cabinet (DPMC), to harness the collective expertise and efforts from across New Zealand to respond effectively to the challenges posed by cyber and to take advantage of the opportunity to create a secure, trusted and resilient New Zealand cyber environment.
The insurance industry offers cyber risk insurance protection for internet and network exposures that can cover a range of matters including liability, intellectual property infringement, malicious code and viruses, business interruption, unauthorised access, theft, web site defacement and cyber extortion.