Rapid growth in the number of financial lines players has prompted concerns some are unsustainable and could exit the market at the drop of a hat.
Elite Brokers 2014
Brokers have been warned if they fail to adapt to the shifting preferences and habits of the insurance workforce they will miss out on attracting top talent.
The NZ insurance industry is still on tenterhooks as one of the most important decisions to affect it in years is delayed yet again.
An insurer has followed through on promises to provide new broker business development tools focused on SMEs, while defending its previous commission reductions on home cover.
Brokers have been urged not to be put off by SMEs that don't recognise the role brokers can play in the sustainability of their businesses, with a large slice of the SME market increasingly open to intermediaries.
An international insurer has given a six-month old Australia and New Zealand portfolio a boost with a new hire.
Since increasing the amount of active communication claims advisors, the number of enquiries and complaints a workers compensation player receives has significantly declined.
Brokers have sided with insurers over warnings against the government introducing a risk sharing model for natural disasters, and instead have put forward their own ideas for a solution.
An insurance company has gone live with a new advertising campaign, which draws inspiration from those moments in life when everything changes in an instant.