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Last Article Uploaded: Thursday, May 22nd, 6:12AM

Insurance

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Medical premiums and the public system

Most of you will have seen the notices advising increased premiums in the last month, ranging from 16% to 22%.

Tuesday, May 20th, 8:00AM

It's been commented for a long time that medical inflation increases at roughly double the inflation rate, but this year, it's significantly more painful. Why?

It's mainly due to market conditions; however, the drivers of premiums aren't always transparent.

The first significant indicator was the public system's failure in 2022 to address the basic...MORE»

Are life advisers expected to recommend the ‘best’ product?

Wednesday, May 14th, 9:22AM

[OPINION] Steve Wrights asks whether advisers should recommend the "best" product and asks what is best anyway?

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What AIA paid out in claims last year

Friday, May 9th, 8:01AM

AIA pays $829.6 million in total claims in 2024.

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Foundation Life windup plan finally ready for a vote after 7 years

Wednesday, May 7th, 8:50AM

Foundation Life’s shareholders say they “share our policyholders’ frustration” at the time it has taken to finalise a plan to wind up the near $500 million business while giving policyholders choices about whether to take cash, swap for new policies with greater benefits or a combination.

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Cancer claim a chance to forge relationship with client

Tuesday, May 6th, 9:04AM

Financial adviser Tim Fairbrother, of RIVAL Wealth, says a recent claim made by a client who had a cancer diagnosis shows how insurance can take the pressure off in a tough time.

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CoFI: Is this the catalyst for changing service commissions?

Tuesday, May 6th, 6:10AM

The FMA has previously mentioned concern about how the incentives for policy servicing work.

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Gail Costa's farewell message to advisers

Friday, May 2nd, 11:45AM

In a farewell message to advisers, former Chubb chief executive Gail Costa pays tribute to the work advisers do.

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Non-PHARMAC medicines coverage – aiming for a data-informed evaluation

Wednesday, April 23rd, 11:57AM

Non-PHARMAC coverage has become increasingly important to clients purchasing private health insurance, primarily due to rising public demand for treatments and medications not funded by PHARMAC (the government agency overseeing public pharmaceutical purchasing and subsidy).

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Insurance Briefs

Haven partners with Plunket
Haven Financial Advisers has formed new partnership with Whānau Āwhina Plunket, reinforcing its commitment to building brighter futures for families across New Zealand.

AIA goes one month free again
AIA has brought back, for a limited time, its one month’s premium free campaign along with a new AIA Vitality Garmin reward.

Fidelity has kept its rating in its latest annual review
AM Best has affirmed the Financial Strength Rating of A- with a stable outlook.

nib launch dates announced
nib Ultimate Life & Living will be launching on the March 28.

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