The Reserve Bank of New Zealand (RBNZ) has opened consultation on an exposure draft of a Bill that will amend the Insurance (Prudential Supervision) Act 2010 (IPSA).
New Zealand has experienced a record 46 storms over the past 12 months, leading to an exponential increase in insurance claims, according to data from IAG New Zealand.
The conflict in the Middle East has become a material geopolitical risk for construction organisations globally, with clear implications for the wider APAC region.
The next one to two years could see expectations of a gradual increase in business interruption-related claims among SMEs, from supply chain disruption.
Agile Insurance Group has announced the promotions of Mr David Hughes to the role of Active Underwriter and Mr Mark Hunt to the role of Group Chief Underwriting Officer.
Zurich Insurance has appointed Mr Digbijoy "Digi" Joseph Shukla as Head of Digital, APAC. In his new role, he will play a central role in shaping Zurich's pan APAC customer and digital agenda, with overall leadership responsibility for Zurich Edge, the company's regional digital and embedded insurance business.
In New Zealand, HDI Global has promoted Mr Richard Upton to the role of Branch Manager and Head of Financial Lines.
Xceedance, a global provider of technology-driven business solutions for the insurance industry, has appointed Ms Vijay Laxmi Tarafdar as Associate Vice President, Client Partner for Australia and New Zealand.
Delta Insurance New Zealand has appointed Mr Dinesh Murali as Managing Director. He brings a combination of product expertise, underwriting knowledge and established broker relationships to his new role.
AIA NZ has launched AIA Healthiest Schools New Zealand, a free, curriculum-aligned wellbeing programme designed to help primary school children build healthy habits that last a lifetime.