Media Releases

ICNZ welcomes first reading of Contracts of Insurance Bill

The Insurance Council of New Zealand Te Kāhui Inihua o Aotearoa (ICNZ) has welcomed the first reading of the Contracts of Insurance Bill, saying the overhaul of the legislation is well overdue. “This Bill has been long awaited and I congratulate the Minister of Commerce and Consumer Affairs, Andrew Bayly, for his support and commitment …

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ICNZ endorses call to lift understanding of natural hazard risks

The Insurance Council of New Zealand Te Kāhui Inihua o Aotearoa (ICNZ) has endorsed findings that New Zealand needs to act decisively around natural hazards risks to ensure insurance is affordable and available in the future. The Reserve Bank yesterday released an excerpt on insurance in its upcoming Financial Stability Report which noted that insurers, …

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Gabrielle and Auckland Anniversary claims settlements top 90%

Insurers have fully settled 91% of all private insurance claims from the Auckland Anniversary weekend and Cyclone Gabrielle weather events. The two events are separately the two largest insurance weather events in Aotearoa’s history.   Insurers have settled 106,891, of 117,414 claims valued at $3.75 billion. By value, insurers have so far paid out $3.06 …

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New President and Vice-President for Insurance Council of New Zealand

Te Kāhui Inihua o Aotearoa The Insurance Council of New Zealand (ICNZ) has appointed the Chief Executive of IAG New Zealand, Amanda Whiting, as its new President and Adam Heath, Chief Executive of Farmers Mutual Group, as its Vice-President. “I feel honoured to have the confidence of my fellow Board members to take up this …

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Insurers fully settled 87% Gabrielle and Auckland Anniversary claims

Insurers have fully settled 87% of all private insurance claims from the Auckland Anniversary weekend and Cyclone Gabrielle weather events.  The two events are separately the two largest insurance weather events in Aotearoa’s history.  Insurers have settled 99,798 of 115,353 claims valued at $3.6bn. “Really good progress has been made on settling claims.  Insurers are …

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