Claims and losses, Motor, Nat Cat, Nat Cat events, News, Non-life, Property

ICNZ: Over NZ$2bn paid in Auckland floods and Cyclone Gabrielle claim settlements so far

New Zealand insurers have settled 64% of claims volume, amounting to NZ$2.05bn (US$1.19bn) of the —newly revised — NZ$3.5bn (US$2.07bn) in claims.

Editorial team

September 15, 2023

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4 min read

New Standards.New Stage.Real Recognition. Entries Closing Soon. Apply now → Entries close
25 September

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Market conditions continue to evolve as businesses review their priorities and plans for growth. The pace of change varies across the region, with local factors shaping how organisations respond.

Attention is turning to the balance between near-term opportunities and longer-term objectives. Decisions made today will help determine how businesses adapt as conditions develop.

While the outlook remains varied, the broader direction reflects a market adjusting to new demands. The implications will become clearer over time as plans move into practice.

New Standards.New Stage.Real Recognition. Entries Closing Soon. Apply now → Entries close
25 September