The Auckland storm and Cyclone Gabrielle in 2023 have significantly impacted New Zealand's home and contents insurance market. These catastrophic events rank as the second and third-largest insurance events in the nation's history, leading to substantial financial implications and shifts in the insurance landscape. Key Statistics from the Insurance Council of New Zealand As of 1 March 2024, the Insurance Council reported the following claims: Auckland Storm : 59,067 claims, t

When diving into the world of insurance, it can sometimes feel like you need a translator to understand all the industry jargon. Let's break down some of the most common terms you’ll encounter, so you can feel confident and informed when discussing your policy. 1. Premium This is the amount you pay for your insurance policy. Think of it as your membership fee to stay protected. Premiums can be paid monthly, quarterly, or annually, depending on your plan and preferences. 2. De

Insurance brokers play a vital role in the complex world of insurance, acting as intermediaries between clients and insurance companies. But are they worth the investment? Let's delve into the reasons why getting a broker can be a valuable asset. Deeper understanding of the insurance market Firstly, insurance brokers are experts. They have industry knowledge and extensive insurance advice that can be invaluable when navigating the myriad of options available. With their in-de

Cancer is something we would all like to avoid, but most of us are affected in one way or another during our lifetimes. The high likelihood of a cancer diagnosis in your inner circle – the Ministry of Health estimates that one in three New Zealanders will be affected by cancer – affirms the importance of having the right insurance cover. That means having peace of mind financially but also access to the best care in a timely manner. Insurance and Its Relevance While New Zeala

In today's volatile landscape of rising inflation, a sluggish economy, dwindling business confidence, and pervasive political and social uncertainty, it's easy to feel disheartened. These last few weeks, even the weather seems to conspire against us! Just as we know the fog is not permanent, we need to remind ourselves every period of downturn eventually gives way to an upswing. In the meantime, we can take steps to find assurance during times of uncertainty. Instead of frett