Tag: insurance
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FMA Research Identifies Key Barriers and Solutions for Māori Insurance Outcomes
New FMA research reveals current insurance systems often fail Māori, citing affordability, distrust, and unsuitable products as key barriers. The report suggests iwi-led solutions and mutual literacy to improve access and outcomes for tangata whenua.
BusinessEnvironmentEconomyFinancial MarketsSocial IssuesEducationClimate ChangeAustralasia Financial Markets AuthorityMāoriInsuranceFinancial LiteracyCultural UnderstandingPolicy ReformNZ Financial Markets Authority
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AI Enhances Human Expertise Across Insurance Sector
An InsurTechNZ event showcased how AI is revolutionizing insurance by empowering human expertise. Companies like AI Underwrite, Tower, and JAVLN demonstrated significant gains in efficiency, customer service, and marketing output through strategic AI integration.
BusinessScience & TechnologyArtificial IntelligenceComputers and InternetEconomyFinancial MarketsEmployment and Labor AIInsuranceInsurTechNZUnderwritingCustomer ServiceMarketingEfficiencyTechnology
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New Zealand Government Exempts Health and Life Insurers from Climate Reporting
The New Zealand Government is removing health and life insurers from mandatory climate reporting. Commerce and Consumer Affairs Minister Cameron Brewer said the "commonsense fix" reduces costs for businesses not directly exposed to climate risks, streamlining regulations for growth.
Politics and GovernmentBusinessGeneral PoliticsEconomyEnvironmentLegal New Zealand GovernmentClimate ReportingInsuranceHealth InsurersLife InsurersCameron BrewerBusiness Regulation
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New Zealanders Demand Climate Risk Action Amid Rising Hazard Concerns
New Zealanders expect climate hazards to increase, demanding risk-based insurance premiums and greater focus on risk reduction. A new poll shows public concern over government action and the future of insurance affordability.
BusinessPolitics and GovernmentScience & TechnologyEconomyEnvironmentClimate ChangeGeneral PoliticsSocial IssuesState Governments InsuranceRisk ReductionNatural HazardsIAG New ZealandIpsos