IAG NZ faces FMA civil action over systemic pricing and discount failures

The regulator alleges IAG breached fair dealing provisions under the FMCA, resulting in overcharges of around NZ$35m (US$20m).

Editorial team

April 4, 2025

•

3 min read

MEMBERS ONLY

Continue reading with a free account.

Get access to in-depth analysis, breaking news, and exclusive features across APAC insurance.

• Free daily briefing in your inbox each morning

• 7-day trial of premium intelligence

• No credit card required

Existing user?

Sign in here

Read next

OIC cuts Thai insurance growth outlook as Middle East conflict raises costs

June 4 2026

The regulator pointed to higher claims costs, tighter reinsurance appetite and pressure on trade-exposed lines as external volatility feeds into the sector.

Thailand's OIC puts insurers at centre of resilience push as risks and costs rise

June 2 2026

The regulator is reshaping the insurance market through a five-year plan that extends regulatory reach to entire corporate groups, tightens capital standards, and pushes insurers to close the country's...

chinas-nfra-issues-new-regulatory-framework-for-insurance-asset-management-firms

China issues new regulatory framework for insurance asset management

June 1 2026

NFRA has set out requirements across four key pillars, while stressing firms must pursue high-quality development and compete in an orderly way to prevent market chaos.

fortegradb-insurance-merger-receive-tiptree-shareholder-approval

South Korea's DB Insurance completes US$1.65bn acquisition of Fortegra

June 1 2026

Fortegra will operate independently under its existing leadership as the two companies target growth across the US, Europe and Asia.