Proposed changes should help industry, insurers say
New Zealand life insurers are unfazed by proposed changes coming for insurance contract law.
Commerce Minister Kris Faafoi this week announced plans that he said should give consumers more certainty when it came time to claim.
Among them was a requirement for insurers to ask the right questions to obtain necessary information from applicants – not put the duty of disclosure solely on clients – and to deal with customers who do not disclose something material "proportionately"...MORE»
Govt reveals plans to change insurance rulesWednesday, December 4th, 6:37AM
The onus of disclosure will shift to insurers under new rules revealed for the insurance sector. MORE» |
Ballantyne: Advisers don't own clientsTuesday, December 3rd, 9:13PM
Advisers can expect insurance companies to have a more hands-on approach to their relationships with clients, Partners Life managing director Naomi Ballantyne says. MORE» |
[GRTV] Ballantyne on conduct and culture; who owns the client; the future of dealer groups and more
Partners Life managing director Naomi Ballantyne discusses the critical issues facing insurance advisers today.
MORE»Imagine being forced to give bad advice
It is not quite that bad, but this story – or cautionary tale – shows how a very restrictive approved product list affects advisers.
MORE»Reserve Bank flags commission rates, solvency
The Reserve Bank has raised questions about the insurance sector in its latest financial stability report.
MORE»Southern Cross's new digital human answers our health insurance questions
Southern Cross Health Society is the first health insurance company on a global scale to launch a digital human.
MORE»Health insurance coverage jumps
Just over 1.4 million New Zealanders now have health insurance, a figure the Health Funds Association says shows that people can see the value in it.
MORE»