AI Integration Helping Life Companies
Research by KPMG on the insurance industry’s adoption of AI technology reveals 85% of those surveyed have high expectations they’ll obtain a competitive edge...
FMA Releases Update on Outcomes-Focused Regulation
The FMA has published its updated approach to Outcomes-Focused Regulation after considering wide ranging feedback from financial services firms, consumer groups and law firms.
A...
Client Dispute – Adviser Refunds IP Premiums
There was very strong interest this week in our report on a financial adviser refunding 50% of a client’s IP insurance premiums in resolving...
Women More Financially Literate than Men – FSC Report
Kiwi women are proving to be more financially literate than men, despite often underestimating their own abilities, according to the Financial Services Council’s Insights...
Fidelity Life Financial Strength Rating
Fidelity Life has had its A- (Excellent) financial strength rating* affirmed by AM Best, marking 29 consecutive years since the company first achieved the...
Premium Relief Offered for Drought-Affected Customers
Fidelity Life is offering premium relief to its Taranaki customers affected by the recent drought.
The insurer says that Fidelity Life customers who are facing...
Growth in ‘Total Claims Accepted’
Total claims accepted is at its highest since 2020, showing a general increase and recovery from its dip in 2022, says the Financial Services...
Latest Poll – Enough Product Innovation?
Our latest poll is asking advisers if there is enough product innovation in New Zealand’s life insurance sector.
The question arises after a report last...
High Costs and Claims Inflation Impact nib Result
nib New Zealand says “unusually high, industry-wide costs and claims inflation and slow economic growth” had an impact on the health insurer’s FY25 half...