The Insurance Council of New Zealand Te Kahua Inihua o Aotearoa (ICNZ) has introduced more detailed reporting about complaints in a commitment by the insurance industry to provide greater transparency and openness to New Zealanders. ICNZ currently reports on the total number of complaints dealt with by the industry and referred to independent external dispute …
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 …
Gabrielle and Auckland Anniversary claims settlements top 90% Read More »
The Board of Te Kāhui Inihua o Aotearoa The Insurance Council of New Zealand (ICNZ) has appointed former Cabinet Minister Hon. Kris Faafoi to be its new Chief Executive from April 2024. ICNZ President and IAG New Zealand CEO, Amanda Whiting said Kris will take over from Chief Executive Tim Grafton after he steps down …
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 …
New President and Vice-President for Insurance Council of New Zealand Read More »
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 …
Insurers fully settled 87% Gabrielle and Auckland Anniversary claims Read More »
The Chief Executive of The Insurance Council of New Zealand, Te Kāhui Inihua o Aotearoa (ICNZ), Tim Grafton, will step down from the role next year. After almost 12 years of service to ICNZ, he has signalled his desire to explore new opportunities following the organisation’s AGM in April 2024. ICNZ’s President Toni Ferrier said …
Act now to protect yourselves and your property as a band of weather brings high winds and heavy rains, and in some places snow, up Te Waipounamu/the South Island and into Te Ika-a-Māui/the North Island as we go into the weekend. As usual, Metservice is doing a great job of issuing warnings and updating those …
Insurers have so far paid out $2.053 bn of a newly updated estimate of the cost of general insurance claims for the twin climate disasters of the Auckland Anniversary Weekend floods and Cyclone Gabrielle of $3.5bn across 112,812 claims. “Good progress continues to be made on settling claims, especially when compared to prior large-scale disasters, …
The Insurance Council of New Zealand – Te Kāhui Inihua o Aotearoa (ICNZ) and the Australian and New Zealand Institute of Insurance and Finance (ANZIIF) are proud to announce The ICNZ Scholarship is now open for submissions. The ICNZ and ANZIIF Scholarship is an annual scholarship that aims to recognise outstanding insurance professionals who demonstrate …
The Insurance Council of New Zealand Te Kāhui Inihua o Aotearoa (ICNZ) urges those affected by floods and storms across Tairāwhiti and Hawke’s Bay to put their safety first, heed the advice of local authorities, including to self evacuate as per the State of Emergency declaration in Tairawhiti, and contact their insurer early if their …
Flood advice: stay safe and contact your insurer early Read More »
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