Insurance bodies are hoping that the recent appeal dismissal will re-ignite the fire levy debate and get it back on the political agenda.
Industry chiefs admit their ‘grave concerns’ at this ‘undesirable’ situation which will give IAG more than 50% of the market.
As insurance becomes more closely associated with the financial services sector, professional development courses are being designed to reflect this.
The NZ insurance industry is still on tenterhooks as one of the most important decisions to affect it in years is delayed yet again.
As the first arrest is made over information theft using the Heartbleed flaw, an appeal for brokers to check their systems is being made by an insurance body.
A customer satisfaction survey has found insurance companies rating in the top four worst industries but representative bodies say their figures reveal otherwise.
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Competitors air their views on NZCC’s announcement to delay its decision on the biggest acquisition to affect the market in years.
The insurance industry will remain on tenterhooks for another month as NZ watchdogs apply for more time to consider the effects of a proposed merger.
Kiwi brokers are being urged to ‘get smart’ and adapt to changes that telematics will inevitably bring to the insurance market, but maintain they don’t see it as a threat.