Apex Insurance New Zealand was founded in 1999 and has grown to become one of NZ's largest privately-owned insurance brokers, serving the mid-market and SME segment.
A new report from the Actuaries Institute of Australia shows that rising premiums have plunged 1.24 million households into insurance affordability stress.
Despite advances in safety measures and culture, a repeat of the earthquake would cause economic loss of US$331bn and insurance losses around US$140bn, according to Moody's RMS and Swiss Re.
The Australian regulator initiated civil proceedings against IAL and IMA for allegedly misleading customers about loyalty discounts on home insurance policies.
The ICA said insurers are undertaking improvements to ensure profitable and sustainable products for Australians, despite challenges from Nat Cats and inflation.
Local media reports show that over the past five years, Korean insurance companies have experienced a tripling of claims payouts and a more than fourfold rise in the number of claims.
