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New Zealand tag returned 7 results

  • New Zealand: Life insurers offer mainly risk plans

    New Zealand life insurers primarily offer risk-only products with cheaper, yearly renewable premiums which increase with age - a situation quite different from much of the rest of the world, according to a paper by the international professional services firm Deloitte.

    Date : 14 Sep 2020
  • New Zealand:Most Kiwis underinsure their lives

    New research commissioned by the Financial Services Council (FSC) has revealed the high number of New Zealanders who are underinsured when it comes to their lives, their incomes or suffering a major illness.

    Date : 03 Feb 2020
  • New Zealand:Life insurers' profits & high costs could indicate poor value for customers

    New Zealand life insurers are more profitable than their peers in many developed OECD countries, with return on equity higher than the median and a low claim ratio, according to a paper by Jinny Leong and Adrian Allottm carried in the Reserve Bank of New Zealand Bulletin.

    Date : 29 Jan 2020
  • What's new in the market - 14 Jun 2019

    Welcome to what's new this week.

    Date : 14 Jun 2019
  • New Zealand: Terror attack victims receive claims support

    Following the Christchurch terror attack, the Accident Compensation Corporation (ACC) in New Zealand has received fatal claims for all 50 deceased victims and 94 injury claims as of 26 March. According to ACC COO Mike Tully, the corporation is still operating a dedicated team in Christchurch to ensure all claims are fast-tracked so that victims and their families receive the support they need as quickly as possible.

    Date : 02 Apr 2019
  • New Zealand: Regulator highlights lack of awareness of conflicted conduct in FAs reviewed

    The Financial Markets Authority (FMA) said in a recent report in its ongoing review of conflicted conduct and insurance replacement business practices among financial advisers that financial advisers can earn significant upfront commissions - up to 230% of the first year's premium of a "new" or replacement life policy - and other additional incentives such as qualifying for overseas trips.

    Date : 27 Mar 2018
  • Australia/New Zealand: Agency heads polarised on brokers' role

    CEOs of Australian and New Zealand underwriting agencies have polarised views on brokers' future roles, according to the 2017 annual CEO Survey report released by the Underwriting Agencies Council (UAC), which is the peak body for Australian and New Zealand underwriting agencies.

    Date : 05 Dec 2017