Insurance Business New Zealand

Accelerating towards a digital future! Novidea's global survey reveals that 75% of insurance organizations are set to adopt new core insurance management platforms in the next two years. Dive into the insights from the report, highlighting the industry's readiness for a modern, digital-first experience.

https://hubs.la/Q02hsH2t0

Majority of insurance organisations consider upgrading their tech Insurers prepare to embrace new insurance management platforms

Insurance Business opens entries for the 5-Star DE&I 2024 report, recognizing companies in Australia and New Zealand that prioritize employee support. Join the movement towards inclusive workplaces.

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Entries open for 5-Star Diversity, Equity and Inclusion 2024 Insurance Business is looking for firms with the most effective DE&I initiatives

New Zealand has announced that it will be deploying a six-person New Zealand Defence Force (NZDF) team to the Middle East region. According to Prime Minister Christopher Luxon, this was to uphold maritime security in the Red Sea.

New Zealand announces deployment of NZDF team to the Red Sea Prime minister says it is to uphold maritime security

The Financial Services Council (FSC) has announced that Outlook 2024 will be held at the Hilton Hotel in Auckland on 31 Jan.

FSC releases details about Outlook 2024 Event will include FSC members, industry professionals and media personnel

Which diversity and inclusion programs stand out?

We invite companies with the most effective DE&I initiatives to complete the online form and be recognised.

IB 5-Star Diversity, Equity and Inclusion 2024 Do you offer 5-Star DE&I programs?

London-based Inherent Risks has been tapped to provide emergency medical response and evacuation services to USAID (United States Agency for International Development) partners in Ukraine.

Lloyd’s-backed firm to provide essential services to USAID partners in Ukraine New contract includes evacuation and emergency medical response

Hedge funds found success in the science of catastrophes, delivering the best returns among alternative investment strategies in the past year. Tenax Capital, Tangency Capital, and Fermat Capital Management, among others, achieved record gains, more than double the industry benchmark.

https://hubs.la/Q02hgyps0

Hedge funds rake in huge profits betting on catastrophe risk "I don't think we've seen a market like this since cat bonds were born in the 1990s"

nib New Zealand welcomes Alvin Soh as the new Chief Financial Officer, succeeding Nick Cory. Soh, with over 20 years of leadership experience, previously served as CFO at Shuttlerock Ltd. and held roles at Online Republic Group Ltd and Flight Centre (NZ) Ltd.

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nib New Zealand welcomes new chief financial officer He joins with more than 20 years of experience in leadership roles

Toyota Aqua retains the title of the most stolen car in New Zealand for the second consecutive year, according to AMI. With nearly 17,000 vehicle theft claims in the past year, 2023 marked the second-highest year for vehicle theft in the last five years. AMI emphasizes the need for a security-minded approach, urging caution when leaving cars unattended.

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Top stolen cars in New Zealand for 2023 revealed Almost 17,000 vehicle theft claims were made last year

Jo Mason, CEO of NZbrokers, shares her four-decade love for the insurance industry. Helping people in their time of need remains her driving force.

https://hubs.la/Q02h5rZh0

"I love our sector" – NZbrokers CEO Jo Mason Chief executive talks about 'why'

Join us for a deep dive into the realm of generative artificial intelligence in insurance at our upcoming panel discussion. Discover how generative AI is shaping the industry, the challenges it presents, and the opportunities it unlocks for insurance leaders.

We're thrilled to have Tanya Wood, a Partner at Duncan Cotterill, as one of our esteemed panelists. Tanya brings a wealth of experience and insights to the table.

Get ready to explore innovative AI use cases, delve into ethical considerations, and uncover the opportunities and pitfalls associated with this cutting-edge technology. Don't miss out on this enlightening discussion on the future of insurance with generative AI!

Register here: https://hubs.ly/Q02gh6FY0

Insurers at risk of regulatory overreach post-SVB and Credit Suisse failures. Could history repeat itself? Industry cautious as enhanced scrutiny on banks sparks concerns for unnecessary pressure.

https://hubs.la/Q02h5jX40

Insurance regulation must acknowledge sector's uniqueness – GFIA Concerns come amid international scrutiny of financial institutions

Financial leaders stress the urgency of war risk solutions for the nation's recovery. Rostyslav Shurma highlights the lack of commercial investment due to military risk.

https://hubs.la/Q02h5ph40

Ukraine panel in Davos highlights need for war risk solutions Marsh McLennan CEO discusses priorities and aims for attracting insurance capital

November marks a 15-month low, raising questions about the recent population surge. Policymakers on alert as annual figures indicate a notable slowdown.

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Net immigration lagged to its slowest in 15 months in November Number of immigrants has worried policymakers, who note that the peak may have passed

Sedgwick's Connect 2024 report reveals industry insights and trends. Chief Client Officer Scott Rogers highlights the power of collaboration to navigate challenges. Explore the forward-thinking approach shaping the year ahead.

https://hubs.la/Q02gZ8wC0

Sedgwick highlights the major industry trends for 2024 Report also highlights the issues that will be at the forefront of professionals throughout the year

Dive into the fascinating world of generative artificial intelligence in insurance at our upcoming panel discussion! Join us as we unravel the impact, challenges, and opportunities of AI in the industry.

Leading the conversation is Jon Davies, Chief Executive Officer at InsuredHQ, an expert at the forefront of AI integration in insurance.

Get ready to explore innovative AI use cases, understand ethical considerations, and discover opportunities and pitfalls associated with this transformative technology. Don't miss this chance to gain insights into the future of insurance with generative AI!

Register here: https://hubs.la/Q02fnRxW0

State Insurance unveils the most extraordinary claims of 2023, from flip-flop driving mishaps to peacock-induced bathroom chaos. Dive into the quirky world of insurance surprises!

https://hubs.la/Q02gZb7C0

Revealed – strangest claims of 2023 Peacock mishaps, dogs trying to drive, and other peculiar events revealed

Isabelle Santenac highlights the pivotal role of trust and transparency in EY's latest report on the global insurance landscape. Dive into the insights on AI, customer behaviors, and building customer loyalty.

https://hubs.la/Q02gZj4r0

Opposing the misuse of AI in insurance EY head on an issue the profession needs to confront

nib New Zealand CEO Rob Hennin emphasizes the need for change. Dive into his insights on health services, access challenges, and meeting heightened expectations in 2024.

https://hubs.la/Q02gZgFK0

nib New Zealand “optimistic about this year” Chief executive talks about priorities

Ship insurers steer clear of covering US and UK merchant ships in the southern Red Sea due to increased war risks. Recent Houthi attacks prompt underwriters to seek exclusions for vessels linked to the US, UK, and Israel.

https://hubs.la/Q02gQHRp0

Insurers seek to exclude US, UK ships from Red Sea coverage Breadth of insurance exclusions likely to create problems

Canterbury arable farmers face $6 million losses after severe hailstorm wreaks havoc on crops. The incident underscores the value of insurance against catastrophes in agriculture.

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December hailstorms result in $6 million in losses for arable farmers Federation vice chair acknowledged the value of having insurance in place

Insurance as a deliberate choice: Steadfast NZ CEO Neil Cousins reflects on his 33-year career and encourages intentional career decisions in insurance. Recognizing the industry's importance, he advocates for attracting new talent.

https://hubs.la/Q02gQJSX0

A CEO’s pitch to attract new people to the insurance industry Industry 'lifer' thinks it's a shame people are falling into insurance rather than choosing it

Financial Advice New Zealand welcomes Nick Hakes as the new CEO. With extensive experience in Asia Pacific and leadership roles, Hakes is set to steer the organization to new heights.

https://hubs.la/Q02gQMJq0

Financial Advice NZ names new CEO He returns to New Zealand after an extensive career across APAC

Qatar and Russia divert shipments away from the Suez Canal, opting for safer routes. Ship-tracking data shows tankers bound for Europe now heading to Southeast Asia or the Cape of Good Hope.

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Qatar and Russia divert gas tankers from Suez as risks mount Houthis issues continue to add pressure

Allianz Risk Barometer 2024 unveils top business risks! Based on a global survey, key concerns for businesses.

Allianz Risk Barometer ranks biggest business risks for 2024 Annual corporate survey spans responses from 92 countries and territories

Red Sea tensions escalate, impacting maritime trade! War risk insurance costs surge to 1%, posing a challenge for vessels navigating the perilous waters. Shipowners face tough decisions amid rising expenses.

https://hubs.la/Q02gFjWY0

Add soaring insurance bills to mounting Red Sea trade chaos One alternative is taking the long route around the Cape of Good Hope

Rachel Hopper shares her 28-year journey in the industry. Turned away for lack of experience in law enforcement, she found her calling in insurance.

https://hubs.la/Q02gFlV80

Broker’s journey from police force aspirations to 28-year insurance career "It never even crossed my mind to not carry on in the insurance industry"

National Security and Defence Council of Ukraine collaborates with Marsh McLennan for a post-war transformation strategy. A pivotal step towards Ukraine's development.

https://hubs.la/Q02grHyw0

State body working with Marsh McLennan on Ukraine's transformation strategy Meeting held to talk about strategy development as well as military risk insurance

Kick off 2024 with AIA NZ's exciting campaign! Win a trip for two to London and catch the epic clash between Tottenham Hotspur and Arsenal.

https://hubs.la/Q02grPD10

AIA NZ launches new campaign for a chance to see Tottenham Hotspur in action Gift packs also up for grabs for lucky winners

Financial crime aftermath in Northland reveals the hidden impact on insurance. Former trust administrator embezzles $200,000, leaving lasting effects.

https://hubs.la/Q02grGJr0

Tale of betrayed community outreach service highlights the effects of financial crime Registered trust says their premiums have tripled since the incident