Covid-19

TRAVEL ADVISORY: WHAT YOU NEED TO KNOW ABOUT COVID-19 TRAVEL INSURANCE

As the potential of a trans-Tasman travel-bubble becomes more likely, the Insurance Council of New Zealand has today issued clarification on changes to travel insurance in response to the global pandemic COVID-19.   Tim Grafton, CE Insurance Council of New Zealand (ICNZ), says the sector has responded to the new reality of global travel amid …

TRAVEL ADVISORY: WHAT YOU NEED TO KNOW ABOUT COVID-19 TRAVEL INSURANCE Read More »

THE CRITICAL ROLE OF INSURANCE IN NAVIGATING THE ECONOMIC CRISIS AHEAD

Navigating the turbulence of a global economic crisis requires insurers to maintain an even ballast between the cargo of customer interests and buoyant solvency.  In New Zealand, rated one of the riskiest for its size, the challenge is arguably more difficult. Next week’s Budget may shine more light on the economic outlook. Treasury’s scenarios to …

THE CRITICAL ROLE OF INSURANCE IN NAVIGATING THE ECONOMIC CRISIS AHEAD Read More »

INSURERS COVID-19 SUPPORT FOR SME AND COMMERCIAL CUSTOMERS

Since early March, our members have worked proactively to support their customers facing the unique challenges New Zealand’s response to COVID-19 has presented. All have ensured they are fully open for business and have worked to keep New Zealanders and their assets protected by easing the financial pressures they faced. ICNZ’s members have each implemented …

INSURERS COVID-19 SUPPORT FOR SME AND COMMERCIAL CUSTOMERS Read More »

ICNZ CLARIFIES EXTENT OF COVID-19 IMPACT ON MOTOR INSURANCE

The Insurance Council of New Zealand (ICNZ) welcomes the announcement from Finity Consulting that savings on personal motor claims will amount to approximately $35 million during the four-week Level 4 period. Tim Grafton, CE ICNZ, says the independent actuarial analysis of the situation provides a balanced view in contrast to initial speculation last week that …

ICNZ CLARIFIES EXTENT OF COVID-19 IMPACT ON MOTOR INSURANCE Read More »

ICNZ REAFFIRMS PROACTIVE STEPS OF INDUSTRY TO SUPPORT ITS CUSTOMERS

The Insurance Council of New Zealand says that contrary to some reports the insurance industry acted fast and early to actively support its customers facing increased financial hardship. “Since March, our members have ensured they are fully open for business and have worked to keep New Zealanders and their assets protected by easing the financial …

ICNZ REAFFIRMS PROACTIVE STEPS OF INDUSTRY TO SUPPORT ITS CUSTOMERS Read More »

ADVISORY: ICNZ WELCOMES GOVERNMENT STEPS TO PROVIDE LIABILITY RELIEF FOR DIRECTORS

ICNZ supports the move by the Government to provide a ‘safe harbour’ for directors of companies facing significant liquidity problems due to COVID-19 pandemic. The move is part of wider temporary changes being made to the Companies Act announced by the Government last week. Tim Grafton, ICNZ CE, says the proposed changes will allow companies …

ADVISORY: ICNZ WELCOMES GOVERNMENT STEPS TO PROVIDE LIABILITY RELIEF FOR DIRECTORS Read More »

INSURANCE SUPPORT AVAILABLE FOR THOSE EXPERIENCING FINANCIAL HARDSHIP DUE TO COVID-19

The Insurance Council of New Zealand is encouraging people experiencing financial hardship to contact their insurer to discuss options to keep their insurance in place.  A priority for customers is to keep their assets protected and insurers are there to help them do that.  Insurance reduces financial shocks when the worst happens, and even in …

INSURANCE SUPPORT AVAILABLE FOR THOSE EXPERIENCING FINANCIAL HARDSHIP DUE TO COVID-19 Read More »