Saturday, April 27, 2019

Tag: Reserve Bank

Insurtechs Aim to Solve Industry Challenges 

Insurtech companies are looking to improve customer experience, according to a report commissioned by InsurtechNZ, a working group created by FintechNZ, and are focused...

News in Brief

Rod Severn IBANZ Appointment Professional IQ College CEO, Rod Severn, has taken on further responsibilities at the Insurance Brokers Association of New Zealand (IBANZ), stepping...

Waiting Game For Life Insurers

A number of life companies have put forward their responses to the FMA and Reserve Bank’s hard-hitting report into insurers’ conduct and culture. Asteron Life...

New Adviser Remuneration Model Discussion Paper Released

A discussion paper on a new remuneration model for risk advisers has been released by the thinkers behind it, Bruce Cortesi and Darrin Franks,...

FSC Welcomes The End of Overseas Incentive Trips 

FSC chief, Richard Klipin, says the move by more life insurers to remove overseas incentive conferences is just one example of how the attitude...

Regulator Concerned About High Commission Levels

High commission structures continue to present a challenge to efficiency in the life insurance sector, the Reserve Bank of New Zealand has noted in...

Regulators Call For Banks to Remove All Sales Incentives 

The Financial Markets Authority and Reserve Bank of New Zealand have told eleven New Zealand banks to remove all incentives linked to sales measures,...

Potential Reserve Bank Disclosure Dashboard for Insurance 

The Reserve Bank has indicated that in 2019 it will explore the possibility of creating a disclosure dashboard for the insurance sector, following the...

Thinking Long-Term in a Long-Term Industry – Ballantyne

Partners Life Managing Director, Naomi Ballantyne, has warned the insurance industry that more thought needs to be centred around the longest-held customer and the...

FMA Grows Impatient With ‘Patchy’ Approach to Customer Outcomes in Financial Services

The Financial Markets Authority (FMA) has described the extent of the understanding around customer outcomes, as to what is required and how to achieve...