Compliance costs concern NZ businesses
11 October 2005
New Zealand insurers and brokers – who at present enjoy a minimalist approach to regulation, will be regarding the latest KPMG-Business NZ Compliance Cost Survey with some concern…
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FICS bids to get user-friendly
11 October 2005
The Financial Industry Complaints Services plans to make its complaints process more transparent and user-friendly…
Elite risk management program launched
11 October 2005
The peak body for risk management professionals, the Risk Management Institution of Australasia, is set to launch a professional development program…
Workers’ comp premiums to be cut
11 October 2005
The NSW Government has pledged to cut workers’ compensation premiums if WorkCover’s financial position improves…
Territory Insurance Office’s future unclear
11 October 2005
The Northern Territory Government is reviewing the viability of the Government-owned Territory Insurance Office as it makes way for new infrastructure projects…
QBE online system up and running
11 October 2005
QBE’s home and motor products went live this week with Sunrise Exchange Online Quoting service…
ING set to float Austbrokers
04 October 2005
Broking network Austbrokers has revealed details of its float and lodged a prospectus with the Australian Securities and Investments Commission…
Katrina predicted to spark local rates rise
04 October 2005
Local insurers held their breath when Hurricane Katrina ripped through the Gulf of Mexico almost a month ago – and it appears their concerns were warranted…
Comcare to cut injury payouts
04 October 2005
The Federal Government will make it more difficult for injured Commonwealth employees to get one-off lump compensation payouts by tightening the guidelines to determine…
Relationships the key to cutting red tape, says Pearce
27 September 2005
The key to simplifying regulation and cutting overly burdensome red tape is encouraging the community, industry and Government to work together…
ICA CEO to retire
27 September 2005
The search is on for a replacement for long-time industry leader and Insurance Council of Australia (ICA) Executive Director Alan Mason, who expects to retire early next year…
Industry stats show industry has reached its peak
27 September 2005
APRA’s second quarter statistics, released yesterday, contain a clear message – the cycle has peaked and it’s now on the downward slope…
FSRA education costed at $200 million
27 September 2005
The financial services industry has had to pay more than $200 million on education and training in the three years leading up to the implementation of the FSRA…
Builders, Vero still at odds
27 September 2005
Sparks continue to fly between the insurance and building industries, with Vero backing away from its claim last week that the Tasmanian review of home warranty insurance…
Judge predicts tort reforms pullback
20 September 2005
NSW Chief Justice Jim Spigelman has made his strongest attack yet on public liability law reforms saying they’ve “gone too far” and suggesting they will be wound back…
…While loopholes are finally closing
20 September 2005
Amendments to the Trade Practices Act which are now are on their way to the Senate represent a win for the insurance industry…
Vero calls in the lawyers as warranty debate turns nasty
20 September 2005
The ongoing feud between Vero and the Builders’ Collective of Australia over home warranty insurance has reached boiling point, with Vero bringing in the lawyers to deal with…
Allan Morris takes IBANZ presidency
20 September 2005
Veteran Kiwi broker Allan Morris has been elected as the first President of the Insurance Brokers Association of New Zealand…
NZI wins broker accolade
20 September 2005
NZI has been named “Underwriter of the Year” after a vote by the 1700 IBANZ brokers…
Bright outlook for NZ insurers
20 September 2005
Profitability for New Zealand’s general insurance industry is expected to remain sound for the rest of this year and all next year, according to Standard & Poor’s credit analyst…