New Zealanders were paid $1.132 billion for personal insurance claims in the year ended December 2015, Financial Services Council (FSC) statistics show.
FSC chief executive Peter Neilson said the payout by FSC members of the insurance industry for personal insurance including life and income protection insurance had topped $1 billion a year each year since June 30, 2011.
The FSC’s latest figures show life insurance products comprise about 60% of personal insurance premiums but they are growing more slowly, at 4% a year, than income protection insurance products at 7% a year...MORE»
Tuesday, February 9th, 6:00AM
Most insurers grew their books in the December 2015 quarter, new data shows.MORE»
Wednesday, February 3rd, 6:00AM
So you want to grow? That will mean new things – unless you have been on a consistent, year-on-year 10%+ growth track for a while and you simply need to keep turning the handle you will need new ideas.MORE»
So you want to grow?MORE»
Discussions are under way about a new professional body to represent insurers who distribute via independent financial advisers (IFAs).MORE»
Former Sovereign chief executive Symon Bewis-Weston finished up with the company and has returned to Australia. In the meantime an interim CEO has been appointed.MORE»
Southern Cross is adding an allowance for prophylactic treatment and increasing the surgical claim limit on most of its plans.MORE»
There is support for the idea of a life insurance industry code of conduct, similar to the general insurance industry’s Fair Insurance Code, which came into force this month.MORE»