Vero NZ Business Survey Findings Raise Insurance Concerns – Daily – Insurance News

New Zealand SMEs may not be adequately insured, as most of those who have made changes to their business due to covid have not spoken to their broker, according to an annual survey of the Vero SME Insurance Index. Preliminary survey results released today show 79% made business changes and 10% changed their insurance policy, … Read more

icare liabilities rise, improvement plans move forward – Regulation and government – Insurance news

Liabilities for the icare workers’ compensation scheme in NSW increased in the second half of last calendar year from six months earlier as the insurer continues to work on a performance improvement program amid headwinds. Nominal liabilities of the insurer increased to an estimated $ 22.2 billion as of December 31, from $ 20.1 billion … Read more

Ban All Remaining Conflicting Remuneration: Presentation of Choice – Daily – Insurance News

Consumer advocacy group Choice wants to ban all remaining conflicting remuneration in the consulting industry, including general insurance, consumer credit insurance, and life insurance fees. The group says that “conflicts” arising from existing commissions lead consultants to recommend products that are of little value or even harmful to their clients. “Choice recommends removing the exemption … Read more