The Insurance Council of New Zealand (ICNZ) has today issued updated figures for weather-related losses during 2019, with insurers paying $167.6 million to support their customers recover from severe weather […]

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

As New Zealand moved to Alert Level 3 last week (28 April) the ability to undertake non-essential repairs were able to get underway. To ensure these repairs comply with tighter

Insurance customers received $19.7 million to meet losses from the February 2020 floods that lead to a state of emergency being declared in Southland, Fiordland and Clutha. The preliminary figures

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

From 28 April New Zealand will move into Alert Level 3 as part of its response to COVID-19. So, what does this mean for insurers? As an essential service provider,

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

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,

ICNZ has today acknowledged the release of the Review of the Earthquake Commission (EQC) by Dame Silvia Cartwright, culminating more than a year of engagement. Commenting on the release of

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