nib NZ has risk and culture review on the radar
Health insurer nib Holdings will review its risk and culture in New Zealand as trans-Tasman financial services come to grips with the regulatory crackdown on the sector.
nib New Zealand will carry out the review in the 2020 financial year in response to the joint Reserve Bank-Financial Markets Authority report into life insurers. It found a range of unacceptable conduct among those firms and placed a firm emphasis on the use of soft commissions, such as overseas junkets.
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