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Insurance Business | 13 Feb 2017, 12:49 p.m. Agree 0
Commitment to the market, cost rationalisation and responding to evolving risks are all topics that have been up for discussion
  • Realist | 13 Feb 2017, 02:08 p.m. Agree 0
    Oh the arrogance. Here's a topical retort = "NZI's customers (Brokers) give them the cold hard truth"

    NZI is a glacial moving beast that is doing business in 2017 with a model that hasn’t changed since the Muldoon Government.

    Their capacity issues are self-made. New entrants are more than welcome.
  • frustrated | 13 Feb 2017, 03:27 p.m. Agree 0
    NZI may have been here for 150 years but where are you right now for brokers and customers in central NZ? As a broking business located in that region we have been left high and dry with a limited market at best. Whilst NZ's largest and proudest insurer refuses to write risks its those 'new players' who are supporting us!
  • Ben | 13 Feb 2017, 06:21 p.m. Agree 0
    I have to admire Travis' doggedness but continually repeating your assertions does not make them true. There is nothing new here, the barely veiled barbs, digs and admonitions are what we're coming to expect as part of our six-monthly “telling off” from the “NZI boss”. Their attitude might come across as holier than thou, but their ability to undercut their own position has them flip flopping all over the place with the best of them! My advice: be consistent, be innovative, get back to the “science and art” of underwriting, take a more customer-centric approach, eliminate bureaucracy and above all else, stop worrying about what everyone else is doing; equitable market share, sustainability and profitability will follow. Righteousness without pragmatism will only get you so far...
  • John Baker | 14 Feb 2017, 11:32 a.m. Agree 0
    Hey Travis, you might have an MBA but this sort of comment indicates you know nothing about business. clearly you have not run you own business and the environment in which you are a part stifles any inovation. Yes the incidence of claims have gone up, it is a feature of a growing economy, but the average cost of claims going up indicates you are failing to find ways to reduce costs through inovation. Yes your costs are going up, so why are your commissions so high,are you subcontracting efficiencies , no you are not, you are hunting cash flow.look at you company's performance before you give brokers" cold hard facts". You would be better to realise that you are on a Titanic so get your CV up to date a get a job with the government before the results of your company necessitate Uncle Warren coming over and taking away his support
    • LOL | 15 Feb 2017, 12:31 p.m. Agree 0
      Inside voice John lol
  • Move Along | 18 Feb 2017, 10:33 p.m. Agree 0
    These thoughts are a bit rich from a company that set up IAGLabs and has produced nothing from this incubator for its shareholders.
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